En En Amendments 1

European Parliament 2019-2024

Committee on Economic and Monetary Affairs

2020/2124(INI)

10.3.2021

AMENDMENTS 1 - 247

Draft report Pedro Silva Pereira (PE680.731v01-00)

Financial Activities of the European Investment Bank - annual report 2020 (2020/2124(INI))

AM\1225811EN.docx PE689.625v01-00

EN United in diversityEN AM_Com_NonLegReport

PE689.625v01-00 2/114 AM\1225811EN.docx EN Amendment 1 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution Citation 3

Motion for a resolution Amendment

— having regard to the Commission deleted communication of 11 December 2019 on the European Green Deal (COM(2019)0640),

Or. en

Amendment 2 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca

Motion for a resolution Citation 4

Motion for a resolution Amendment

— having regard to the Commission deleted communication of 14 January 2020 entitled ‘Sustainable Europe Investment Plan – European Green Deal Investment Plan’ (COM(2020)0021),

Or. en

Amendment 3 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Citation 6 a (new)

Motion for a resolution Amendment

— having regard to the EIB Financial Report for 2019, published on 5 May 2020,

Or. en

AM\1225811EN.docx 3/114 PE689.625v01-00 EN Amendment 4 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca

Motion for a resolution Citation 8

Motion for a resolution Amendment

— having regard to the adoption of deleted the Climate Bank Roadmap by the EIB Board of Directors on 11 November 2020 and to the EIB’s new climate strategy of November 2020,

Or. en

Amendment 5 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Citation 13 a (new)

Motion for a resolution Amendment

— having regard to the EIB’s approval of the ratification of the Paris Agreement by the EU of 7 October 2016,

Or. en

Amendment 6 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Citation 13 b (new)

Motion for a resolution Amendment

— having regard to the UN Sustainable Development Goals,

Or. en

PE689.625v01-00 4/114 AM\1225811EN.docx EN Amendment 7 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca

Motion for a resolution Citation 17

Motion for a resolution Amendment

— having regard to its resolution of deleted 13 November 2020 on the Sustainable Europe Investment Plan – How to finance the Green Deal4 , ______4 Texts adopted, P9_TA(2020)0305.

Or. en

Amendment 8 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution Citation 18 a (new)

Motion for a resolution Amendment

— having regard to the European Court of Auditors (ECA) Special Report entitled ‘European Fund for Strategic Investments: Action needed to make EFSI a full success’, published on 29 January 2019

Or. en

Amendment 9 Markus Ferber

Motion for a resolution Citation 19 a (new)

Motion for a resolution Amendment

— having regard to the European Court of Auditors' "Special Report

AM\1225811EN.docx 5/114 PE689.625v01-00 EN 12/2020: The European Investment Advisory Hub — Launched to boost investment in the EU, the Hub’s impact remains limited";

Or. en

Amendment 10 Luis Garicano, Olivier Chastel, Ivars Ijabs, Paul Tang, Sven Giegold

Motion for a resolution Citation 20 a (new)

Motion for a resolution Amendment

— having regard to the European Parliament Resolution of 13 January 2020 on institutions and bodies of the Economic and Monetary Union: preventing post-public employment conflicts of interest;

Or. en

Amendment 11 Luis Garicano, Olivier Chastel, Ivars Ijabs, Paul Tang, Sven Giegold

Motion for a resolution Citation 20 b (new)

Motion for a resolution Amendment

— having regard to the 22 July 2016 letter from the Ombudsman to the President of the EIB on conflict of interest issues and the President of the EIB´s reply of 31 January 2017;

Or. en

Amendment 12 Luis Garicano, Olivier Chastel, Ivars Ijabs, Paul Tang, Sven Giegold

Motion for a resolution

PE689.625v01-00 6/114 AM\1225811EN.docx EN Citation 20 c (new)

Motion for a resolution Amendment

— having regard to the Recommendation of the Ombudsman in case 2168/2019/KR on how the European Banking Authority handled the move of its former Executive Director to become CEO of a financial industry lobby;

Or. en

Amendment 13 Luis Garicano, Olivier Chastel, Ivars Ijabs, Paul Tang, Sven Giegold

Motion for a resolution Citation 20 d (new)

Motion for a resolution Amendment

— having regard to Counterbalance´s 2019 report "Is the EIB up to the task in tackling fraud and corruption? Challenges for the EU Bank’s governance framework";

Or. en

Amendment 14 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Recital A

Motion for a resolution Amendment

A. whereas under Article 309 of the A. whereas under Article 309 of the TFEU and in line with the case law of the TFEU and in line with the case law of the Court of Justice of the European Union, the Court of Justice of the European Union, the EIB is tasked with contributing to the EIB is tasked with contributing to the achievement of the Union’s objectives; achievement of the Union’s objectives; whereas under Article 18 of its Statute, the EIB should ensure that its funds are employed as rationally as possible in the

AM\1225811EN.docx 7/114 PE689.625v01-00 EN interests of the Union;

Or. en

Amendment 15 Pascal Canfin, Stéphanie Yon-Courtin, Gilles Boyer

Motion for a resolution Recital B a (new)

Motion for a resolution Amendment

B a. whereas the EIB plays an important role in the EU's strategy to tackle climate- and environmental-related challenges - challenges that are this generation's defining task, as outlined by the Commission, with EUR 350 billion of additional investments needed annually to achieve the updated 2030 climate and energy targets;

Or. en

Amendment 16 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Recital B a (new)

Motion for a resolution Amendment

B a. whereas the EIB Group is bound by the Treaties to contribute to EU integration, economic and social cohesion and regional development, through various investment instruments such as loans, equities, guarantees, risk-sharing facilities and advisory services;

Or. en

Amendment 17

PE689.625v01-00 8/114 AM\1225811EN.docx EN Pedro Silva Pereira, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Joachim Schuster, Margarida Marques

Motion for a resolution Recital B a (new)

Motion for a resolution Amendment

B a. whereas the EIB has taken on a significant role in mobilising financing to the economy following the economic fallout caused by the COVID-19 pandemic in 2020;

Or. en

Amendment 18 Johan Van Overtveldt

Motion for a resolution Recital B a (new)

Motion for a resolution Amendment

B a. Whereas the European Investment Bank operates independently.

Or. nl

Amendment 19 Pascal Canfin, Stéphanie Yon-Courtin, Gilles Boyer

Motion for a resolution Recital B b (new)

Motion for a resolution Amendment

B b. whereas the EIB, being the world’s largest multilateral borrower and lender, and jointly owned by EU Member States, is the EU’s natural partner for the implementation of financial instruments, in close cooperation with national and multilateral financial institutions;

Or. en

AM\1225811EN.docx 9/114 PE689.625v01-00 EN Amendment 20 Pedro Silva Pereira, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Paul Tang, Joachim Schuster, Margarida Marques

Motion for a resolution Recital B b (new)

Motion for a resolution Amendment

B b. whereas the EIB committed in 2019 to support the objectives of the European Green Deal, align all its financing activities with the goals of the Paris Agreement and become the ‘EU Climate Bank’;

Or. en

Amendment 21 Pedro Silva Pereira, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Paul Tang, Joachim Schuster, Margarida Marques

Motion for a resolution Recital B c (new)

Motion for a resolution Amendment

B c. whereas the EIB Board of Directors approved the Climate Bank Roadmap (CBR);

Or. en

Amendment 22 Pedro Silva Pereira, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Paul Tang, Joachim Schuster, Margarida Marques

Motion for a resolution Recital B d (new)

Motion for a resolution Amendment

B d. whereas the EIB has started the review process of its 2011 Transport Lending Policy, with the goal of

PE689.625v01-00 10/114 AM\1225811EN.docx EN supporting accessible, efficient, green and safe transport;

Or. en

Amendment 23 Pedro Silva Pereira, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Joachim Schuster, Margarida Marques

Motion for a resolution Recital B e (new)

Motion for a resolution Amendment

B e. whereas support for SMEs and Midcaps is a fundamental public policy goal of the EIB; whereas in 2019 alone, the EIB Group supported over 386 600 SMEs and mid-caps with new financing; whereas support for SMEs accounted for 35% of overall EIB signature volume;

Or. en

Amendment 24 Pedro Silva Pereira, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Paul Tang, Joachim Schuster, Margarida Marques

Motion for a resolution Recital B f (new)

Motion for a resolution Amendment

B f. whereas EIB investment has the capacity to support the social sector, including health, education and housing;

Or. en

Amendment 25 Pedro Silva Pereira, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Joachim Schuster, Margarida Marques

Motion for a resolution

AM\1225811EN.docx 11/114 PE689.625v01-00 EN Recital B g (new)

Motion for a resolution Amendment

B g. whereas in 2019 the EIB approved loans worth EUR 7.8 billion for projects outside the Union, including EUR 1.1 billion in least developed countries (LDCs) and fragile states;

Or. en

Amendment 26 Pedro Silva Pereira, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Paul Tang, Joachim Schuster, Margarida Marques

Motion for a resolution Recital B h (new)

Motion for a resolution Amendment

B h. whereas the EIB Group is currently working to develop counterparty alignment guidelines with environmental and sustainability objectives;

Or. en

Amendment 27 Pedro Silva Pereira, Jonás Fernández, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph -1 (new)

Motion for a resolution Amendment

-1. Stresses that the economic and social crisis caused by the Covid-19 pandemic has significantly harmed economic growth in the EU and that one of the main fallouts is the decline in investment; underlines that the fall in public and private investment has reached alarming levels;

PE689.625v01-00 12/114 AM\1225811EN.docx EN Or. en

Amendment 28 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution Paragraph 1

Motion for a resolution Amendment

1. Expresses serious concerns about 1. Notes macroeconomic imbalances the severe macroeconomic imbalances deriving from the COVID-19 crisis and deriving from the COVID-19 crisis and their related impact on economic growth, their related impact on economic growth, investment, resilience, employment rates investment, resilience, employment rates and socio-economic inequalities; and socio-economic inequalities; encourages Member States to address emerging imbalances through reforms that enhance economic and social resilience;

Or. en

Amendment 29 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 1

Motion for a resolution Amendment

1. Expresses serious concerns about 1. Expresses serious concerns about the severe macroeconomic imbalances the severe macroeconomic imbalances deriving from the COVID-19 crisis and deriving from the COVID-19 crisis and their related impact on economic growth, their related impact on sustainable investment, resilience, employment rates economic growth, investment, resilience, and socio-economic inequalities; employment rates and socio-economic inequalities;

Or. en

Amendment 30 Victor Negrescu

AM\1225811EN.docx 13/114 PE689.625v01-00 EN Motion for a resolution Paragraph 1

Motion for a resolution Amendment

1. Expresses serious concerns about 1. Expresses serious concerns about the severe macroeconomic imbalances the severe macroeconomic imbalances deriving from the COVID-19 crisis and deriving from the COVID-19 crisis and their related impact on economic growth, their related impact on economic growth, investment, resilience, employment rates investment, resilience, education, and socio-economic inequalities; employment rates and socio-economic inequalities;

Or. en

Amendment 31 Pascal Canfin, Stéphanie Yon-Courtin, Gilles Boyer

Motion for a resolution Paragraph 1 – point 1 (new)

Motion for a resolution Amendment

(1) Recognises that the pandemic has reinforced the need for the EU and Member States to redirect capital flows towards climate adaptation and mitigation projects, to make our economies, businesses and societies, more resilient to climate and environmental shocks and risks;

Or. en

Amendment 32 Pedro Marques

Motion for a resolution Paragraph 1 a (new)

Motion for a resolution Amendment

1 a. Underlines the fundamental role of the EIB as the EU’s bank, being the only international financial institution that is entirely owned by EU Member

PE689.625v01-00 14/114 AM\1225811EN.docx EN States and is fully guided by EU policies and standards; calls, in this regard, for strong EIB action in supporting the economic recovery in the post-pandemic context; highlights the importance of the EIB in targeting investments for the materialization of European priorities, namely the digital and green transitions and the implementation of the European Pillar of Social Rights; considers that current levels of EU investment are insufficient to fulfil EU’s objectives;

Or. en

Amendment 33 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 2

Motion for a resolution Amendment

2. Underlines the EIB’s crucial role in 2. Underlines the EIB’s crucial role in supporting the economic recovery in the supporting the economic recovery in the short and medium term in conjunction with short and medium term in conjunction the Next Generation EU Recovery with the European Green Deal, the Instrument, the EU’s long-term budget, the European Climate Law, the Next European Fund for Strategic Investments Generation EU Recovery Instrument, the (EFSI) and other European financial EU’s long-term budget, the European Fund instruments; welcomes the EIB’s financial for Strategic Investments (EFSI) and other engagement in the EFSI as a way to help European financial instruments; welcomes overcome the investment gap in the EU; the EIB’s financial engagement in the EFSI welcomes, moreover, the EIB’s central role as a way to help overcome the investment in supplying advisory support under the gap in the EU; welcomes, moreover, the InvestEU Advisory Hub; EIB’s central role in supplying advisory support under the InvestEU Advisory Hub;

Or. en

Amendment 34 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution Paragraph 2

AM\1225811EN.docx 15/114 PE689.625v01-00 EN Motion for a resolution Amendment

2. Underlines the EIB’s crucial role in 2. Underlines the EIB’s crucial role in supporting the economic recovery in the supporting the economic recovery in the short and medium term in conjunction with short and medium term in conjunction with the Next Generation EU Recovery the Next Generation EU Recovery Instrument, the EU’s long-term budget, the Instrument, the EU’s long-term budget, the European Fund for Strategic Investments European Fund for Strategic Investments (EFSI) and other European financial (EFSI) and other European financial instruments; welcomes the EIB’s financial instruments; notes the EIB’s financial engagement in the EFSI as a way to help engagement in the EFSI as a way to help overcome the investment gap in the EU; overcome the investment gap in the EU; welcomes, moreover, the EIB’s central role notes, moreover, the EIB’s central role in in supplying advisory support under the supplying advisory support under the InvestEU Advisory Hub; InvestEU Advisory Hub;

Or. en

Amendment 35 Pedro Silva Pereira, Jonás Fernández, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Paul Tang, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 2 a (new)

Motion for a resolution Amendment

2 a. Supports the European Council’s conclusion that the EIB should have the necessary capital to implement Union policies and the invitation to the EIB Board of Governors to review the capital adequacy of the EIB in view of the instruments included in the MFF and NGEU, as well as the Bank's contribution to the Union's ambitions in fighting climate change and digitalising Europe's economy;

Or. en

Amendment 36 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution

PE689.625v01-00 16/114 AM\1225811EN.docx EN Paragraph 2 a (new)

Motion for a resolution Amendment

2 a. Underlines that it is questionable whether EFSI solved the causes of the investment gap or if it merely shifted the risks that private lenders were not willing to take to all European taxpayers;

Or. en

Amendment 37 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution Paragraph 2 b (new)

Motion for a resolution Amendment

2 b. Acknowledges the risks of dead- weight loss and moral hazard of EFSI;

Or. en

Amendment 38 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution Paragraph 2 c (new)

Motion for a resolution Amendment

2 c. Reminds that ECA found that the methodology used to estimate the investment mobilised in some cases overstated the extent to which EFSI support actually induced additional investment in the economy; reminds that some EFSI support just replaced other financing from the EU and the European Investment Bank;

Or. en

AM\1225811EN.docx 17/114 PE689.625v01-00 EN Amendment 39 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution Paragraph 2 d (new)

Motion for a resolution Amendment

2 d. Stresses ECA’s recommendation that for all the investment support instruments for the MFF 2021-2027, the Commission should define a set of indicators measuring the expected results of budgetary guarantees in a realistic manner that enables comparison with other EU financial instruments; in particular, if “investment mobilised” and the “multiplier effect” are used as indicators, the calculation methodology and reporting arrangements should appropriately reflect the extent to which EU budget guarantee support actually induces or mobilises the investment of others;

Or. en

Amendment 40 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution Paragraph 2 e (new)

Motion for a resolution Amendment

2 e. Is concerned that the lack of comparable performance and monitoring indicators for all EU financial instruments and budgetary guarantees diminishes transparency and the ability to assess results;

Or. en

Amendment 41 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

PE689.625v01-00 18/114 AM\1225811EN.docx EN Motion for a resolution Paragraph 2 f (new)

Motion for a resolution Amendment

2 f. Reminds that the causes of the investment gap, such as record level of public debts, non-performing loans in the banking sector, and high bureaucratic, regulatory and tax burden, have not yet been properly addressed;

Or. en

Amendment 42 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 3

Motion for a resolution Amendment

3. Calls on the shareholders of the 3. Notes that according to the EIB to agree on a capital increase, both Commission’s 2030 Climate Target Plan, cash-in and callable in nature; emphasises annually in the period 2021-2030 the EU that a capital increase should go hand in will need to invest € 350 billion more than hand with greater transparency and it did in the period 2011-2020; stresses democratic accountability; that an even larger role for the EIB is required to meet this climate investment gap; calls on the Board of Governors to seize the opportunity of favourable lending conditions for the EIB to increase issuance and maturity of bonds; calls on the shareholders of the EIB to agree on a capital increase, both cash-in and callable in nature; emphasises that a capital increase should go hand in hand with greater transparency and democratic accountability as well as more environmental sustainability;

Or. en

Amendment 43

AM\1225811EN.docx 19/114 PE689.625v01-00 EN Markus Ferber

Motion for a resolution Paragraph 3

Motion for a resolution Amendment

3. Calls on the shareholders of the 3. Notes that the EIB is a highly EIB to agree on a capital increase, both leveraged institution; invites the cash-in and callable in nature; shareholders of the EIB to reflect on the emphasises that a capital increase should optimal equity structure; welcomes the go hand in hand with greater recent capital increase of the of the transparency and democratic European Investment Fund (EIF)1a; accountability; ______1a https://www.eib.org/en/press/all/2021- 060-capital-increase-for-eif-boosts- finance-for-covid-19-impacted- companies-and-strengthens-support-for- green-and-digital-transformation-of-the- eu-economy

Or. en

Amendment 44 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution Paragraph 3

Motion for a resolution Amendment

3. Calls on the shareholders of the 3. Calls on proper discussion and EIB to agree on a capital increase, both data-driven analysis of the effectiveness of cash-in and callable in nature; emphasises the possibility that the shareholders of the that a capital increase should go hand in EIB agree on a capital increase, both cash- hand with greater transparency and in and callable in nature; democratic accountability;

Or. en

Amendment 45 Pascal Canfin, Stéphanie Yon-Courtin, Gilles Boyer

Motion for a resolution

PE689.625v01-00 20/114 AM\1225811EN.docx EN Paragraph 3 – point 1 (new)

Motion for a resolution Amendment

(1) Welcomes the decision of the EIB to use the EU Taxonomy for the purposes of tracking, accounting and reporting climate action and environmental sustainability finance for all operations signed as of 1 January 2021; further calls on other public banks to follow this example;

Or. en

Amendment 46 Pedro Silva Pereira, Jonás Fernández, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 3 a (new)

Motion for a resolution Amendment

3 a. Takes the view that a capital increase is justified in order to allow the Bank to provide long-term finance and support key real economy investments that otherwise would have not taken place, while keeping the current AAA status;

Or. en

Amendment 47 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 3 a (new)

Motion for a resolution Amendment

3 a. Calls on the EIB to avoid overly speculative operations, expanding its credit activity in line with the needs of the European economy and particularly of

AM\1225811EN.docx 21/114 PE689.625v01-00 EN the social and regional cohesion and inclusive growth;

Or. en

Amendment 48 Markus Ferber

Motion for a resolution Paragraph 3 a (new)

Motion for a resolution Amendment

3 a. Notes that the EIB's "triple A" rating is an important asset that needs to be preserved;

Or. en

Amendment 49 Pedro Silva Pereira, Jonás Fernández, Alfred Sant, Pedro Marques, Eero Heinäluoma, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 3 b (new)

Motion for a resolution Amendment

3 b. Calls, in this context, on the European Commission to study the possibility to be represented in the EIB Board of Governors through the subscription of capital of the EIB using funds from the EU budget;

Or. en

Amendment 50 Billy Kelleher, Ivars Ijabs, Stéphanie Yon-Courtin, Olivier Chastel, Gilles Boyer

Motion for a resolution Paragraph 4

PE689.625v01-00 22/114 AM\1225811EN.docx EN Motion for a resolution Amendment

4. Asks the EIB as the EU’s public 4. Asks the EIB as the EU’s public bank to make the utmost concerted efforts bank to make the utmost concerted efforts to deliver strong, policy-driven financing to deliver strong, policy-driven financing activity which gives priority to public activity which gives priority to public purpose projects, in particular those that purpose projects, in particular those that would not otherwise be ‘bankable’, both would not otherwise be ‘bankable’, both within and outside the EU, with a view to within and outside the EU, with a view to addressing the unprecedented global addressing the unprecedented global challenges of the decades to come; challenges of the decades to come, in particular combating climate change and the debt crisis in the European Union;

Or. en

Amendment 51 Linea Søgaard-Lidell

Motion for a resolution Paragraph 4

Motion for a resolution Amendment

Or. en

Amendment 52 Markus Ferber

Motion for a resolution Paragraph 4

Motion for a resolution Amendment

AM\1225811EN.docx 23/114 PE689.625v01-00 EN 4. Asks the EIB as the EU’s public 4. Asks the EIB as the EU’s public bank to make the utmost concerted efforts bank to make the utmost concerted efforts to deliver strong, policy-driven financing to deliver strong, policy-driven financing activity which gives priority to public activity in line with the respective legal purpose projects, in particular those that provisions which gives priority to public would not otherwise be ‘bankable’, both purpose projects, in particular those that within and outside the EU, with a view to would not otherwise be ‘bankable’, both addressing the unprecedented global within and outside the EU, with a view to challenges of the decades to come; addressing the unprecedented global challenges of the decades to come;

Or. en

Amendment 53 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 4

Motion for a resolution Amendment

4. Asks the EIB as the EU’s public 4. Asks the EIB as the EU’s public bank to make the utmost concerted efforts bank to make the utmost concerted efforts to deliver strong, policy-driven financing to deliver strong, policy-driven financing activity which gives priority to public activity which gives priority to public purpose projects, in particular those that purpose projects promoting EU policy would not otherwise be ‘bankable’, both objectives, in particular those that would within and outside the EU, with a view to not otherwise be ‘bankable’, both within addressing the unprecedented global and outside the EU, with a view to challenges of the decades to come; addressing the unprecedented global challenges of the decades to come;

Or. en

Amendment 54 Isabel Benjumea Benjumea

Motion for a resolution Paragraph 4

Motion for a resolution Amendment

PE689.625v01-00 24/114 AM\1225811EN.docx EN activity which gives priority to public activity which gives priority to projects purpose projects, in particular those that that promote economic growth, and in would not otherwise be ‘bankable’, both particular those that would not otherwise within and outside the EU, with a view to be ‘bankable’, both within and outside the addressing the unprecedented global EU, with a view to addressing the challenges of the decades to come; unprecedented global challenges of the decades to come;

Or. es

Amendment 55 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution Paragraph 4

Motion for a resolution Amendment

4. Asks the EIB as the EU’s public 4. Asks the EIB as the EU’s public bank to make the utmost concerted efforts bank to make the utmost concerted efforts to deliver strong, policy-driven financing to deliver strong, policy-driven financing activity which gives priority to public activity which gives priority to efficient purpose projects, in particular those that public purpose projects, in particular those would not otherwise be ‘bankable’, both that would not otherwise be ‘bankable’, within and outside the EU, with a view to both within and outside the EU, with a addressing the unprecedented global view to addressing the unprecedented challenges of the decades to come; global challenges of the decades to come;

Or. en

Amendment 56 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 4 a (new)

Motion for a resolution Amendment

4 a. Urges the EIB to address regional inequalities by supporting direct public investments and the development plans of public authorities, particularly in peripheral countries and countries in post-financial assistance phase, as well as advising on the development of new

AM\1225811EN.docx 25/114 PE689.625v01-00 EN private and public projects, especially in innovation, digitalisation, infrastructure, support of SMEs and providing the unemployed, particularly the young people, with skills and training, access to finance, aiming at high-quality employment;

Or. en

Amendment 57 Alfred Sant

Motion for a resolution Paragraph 4 a (new)

Motion for a resolution Amendment

4 a. Calls for prioritisation to regions suffering from a long-term investment deficit especially those suffering from permanent geographical disadvantages such as peripheral, mountainous, and insular regions of the Union;

Or. en

Amendment 58 Victor Negrescu

Motion for a resolution Paragraph 4 a (new)

Motion for a resolution Amendment

4 a. Call on the EIB to ensure a swift implementation of the EC programmes envisaging risk sharing arrangements that will also provide an alignment of interests;

Or. en

Amendment 59

PE689.625v01-00 26/114 AM\1225811EN.docx EN Markus Ferber

Motion for a resolution Paragraph 5

Motion for a resolution Amendment

5. Emphasises the importance of the 5. Emphasises the importance of the additionality factor to be provided by the additionality factor to be provided by the EIB to investments across the EU; EIB to investments across the EU; underlines the need to coordinate strategies underlines the need to coordinate strategies with other European institutions and with other European institutions and National Development Banks; National Development Banks; stresses that the EIB must seek to avoid crowding out private investments through its activities;

Or. en

Amendment 60 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 5

Motion for a resolution Amendment

Or. en

Amendment 61 Pedro Silva Pereira, Jonás Fernández, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Paul Tang, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 5 a (new)

Motion for a resolution Amendment

AM\1225811EN.docx 27/114 PE689.625v01-00 EN 5 a. Commends the EIB for setting out targets and carrying out evaluations of the economic, social and environmental impacts of projects supported, as well as their additionality and sustainability;

Or. en

Amendment 62 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 5 a (new)

Motion for a resolution Amendment

5 a. Calls for the exclusion of the EIB programmes from public debt;

Or. en

Amendment 63 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 6

Motion for a resolution Amendment

6. Stresses the importance of avoiding 6. Stresses the importance of avoiding further geographical imbalances in the further geographical imbalances in the EIB’s lending activity so as to ensure a EIB’s lending activity so as to ensure a broader geographical and sectoral broader geographical and sectoral allocation of investments, reduce regional allocation of investments, reduce regional disparities and enhance convergence; disparities and enhance economic and welcomes the efforts already made by the social convergence; calls on the EIB to EIB in this regard; address systemic shortcomings that prevent certain regions or countries from taking full advantage of its financial activities, inter alia by providing technical assistance and advisory support, especially in regions with low investment capacity, and by advising on the development of projects; welcomes the

PE689.625v01-00 28/114 AM\1225811EN.docx EN efforts already made by the EIB in this regard;

Or. en

Amendment 64 Pedro Silva Pereira, Jonás Fernández, Alfred Sant, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 6

Motion for a resolution Amendment

6. Stresses the importance of avoiding 6. Stresses the importance of avoiding further geographical imbalances in the further geographical imbalances in the EIB’s lending activity so as to ensure a EIB’s lending activity so as to ensure a broader geographical and sectoral broader geographical and sectoral allocation of investments, reduce regional allocation of investments, reduce regional disparities and enhance convergence; disparities and enhance convergence; welcomes the efforts already made by the welcomes the efforts already made by the EIB in this regard; EIB in this regard; notices with concern, however, that, according to the geographical breakdown of lending by country in which projects are located, four Member States received almost 50% of the total loans granted in 2019;

Or. en

Amendment 65 Isabel Benjumea Benjumea

Motion for a resolution Paragraph 6

Motion for a resolution Amendment

6. Stresses the importance of avoiding 6. Stresses the importance of avoiding further geographical imbalances in the further geographical imbalances in the EIB’s lending activity so as to ensure a EIB’s lending activity so as to ensure a broader geographical and sectoral broader geographical and sectoral allocation of investments, reduce regional allocation of investments, reduce regional disparities and enhance convergence; disparities and enhance convergence, also welcomes the efforts already made by the taking into account growth objectives and EIB in this regard; accountability with regard to investments

AM\1225811EN.docx 29/114 PE689.625v01-00 EN in the return on funding; welcomes the efforts already made by the EIB in this regard;

Or. es

Amendment 66 Alfred Sant

Motion for a resolution Paragraph 6

Motion for a resolution Amendment

6. Stresses the importance of avoiding 6. Stresses the importance of avoiding further geographical imbalances in the further geographical imbalances in the EIB’s lending activity so as to ensure a EIB’s lending activity so as to ensure a broader geographical and sectoral broader geographical and sectoral allocation of investments, reduce regional allocation of investments, reduce regional disparities and enhance convergence; disparities and enhance convergence; welcomes the efforts already made by the welcomes the efforts already made by the EIB in this regard; EIB in this regard but stresses that more needs to be done in this regard;

Or. en

Amendment 67 Marco Zanni, Francesca Donato, Valentino Grant, Antonio Maria Rinaldi

Motion for a resolution Paragraph 6

Motion for a resolution Amendment

6. Stresses the importance of 6. Takes note of the geographical avoiding further geographical imbalances distribution of EIB’s lending activity and in the EIB’s lending activity so as to call for a fair allocation of investments, to ensure a broader geographical and reduce regional disparities and to enhance sectoral allocation of investments, reduce convergence; welcomes the efforts already regional disparities and enhance made by the EIB in this regard; convergence; welcomes the efforts already made by the EIB in this regard;

Or. en

PE689.625v01-00 30/114 AM\1225811EN.docx EN Amendment 68 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 6

Motion for a resolution Amendment

Or. en

Amendment 69 Pedro Silva Pereira, Jonás Fernández, Alfred Sant, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 6 a (new)

Motion for a resolution Amendment

6 a. Calls for the EIB to address systemic deficiencies that prevent certain regions or countries from taking full advantage of EIB financial opportunities, by, inter alia, strengthening its efforts to expand its loan activities, providing technical assistance and advisory support, especially in regions which attract low investment and which did not benefit significantly from the derogation to the State-aid rules during the pandemic crisis because of the lack of financial capacity of the State;

Or. en

Amendment 70

AM\1225811EN.docx 31/114 PE689.625v01-00 EN Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 6 a (new)

Motion for a resolution Amendment

6 a. Welcomes the study “The EIB and the new EU missions framework”; calls on the EIB to further strengthen the EIB’s inhouse financial and analytical capacities to ensure long-lasting commitment and financing of missions, further promote ecosystem-building and coordination among national and regional mission-relevant actors and further develop higher risk-taking by developing suitable patient, long-term, higher risk financial instruments;

Or. en

Amendment 71 Markus Ferber

Motion for a resolution Paragraph 6 a (new)

Motion for a resolution Amendment

6 a. Takes note of the European Court of Auditors' criticism in its "Special Report 12/2020: The European Investment Advisory Hub — Launched to boost investment in the EU, the Hub’s impact remains limited" and calls on the EIB to draw the necessary conclusions for its work going forward;

Or. en

Amendment 72 Billy Kelleher, Ivars Ijabs, Linea Søgaard-Lidell, Stéphanie Yon-Courtin, Olivier Chastel, Gilles Boyer, Ondřej Kovařík

PE689.625v01-00 32/114 AM\1225811EN.docx EN Motion for a resolution Paragraph 7

Motion for a resolution Amendment

7. Welcomes the EIB’s rapid 7. Welcomes the EIB’s rapid mobilisation of up to EUR 40 billion of mobilisation of up to EUR 40 billion of emergency financing to fight the crisis emergency financing to fight the crisis caused by the COVID-19 pandemic, caused by the COVID-19 pandemic, through the setting up of loans, credit through the setting up of loans, credit holidays and measures to alleviate the holidays and measures to alleviate the liquidity of small and medium-sized liquidity of small and medium-sized enterprises (SMEs) and mid-caps; enterprises (SMEs) and mid-caps; highlights the importance of supporting SMEs, as the COVID-19 pandemic is particularly hard for these companies; underlines that robust support for SMEs is key for economic growth and to recover from the economic debt crisis;

Or. en

Amendment 73 Billy Kelleher, Ivars Ijabs, Stéphanie Yon-Courtin, Linea Søgaard-Lidell, Olivier Chastel, Gilles Boyer, Ondřej Kovařík

Motion for a resolution Paragraph 8

Motion for a resolution Amendment

8. Welcomes, in addition, the 8. Welcomes, in addition, the subsequent creation of the EUR 25 billion subsequent creation of the EUR 25 billion European Guarantee Fund (EGF) in European Guarantee Fund (EGF) in response to the COVID-19 crisis, not least response to the COVID-19 crisis, not least its positive impact in providing financial its positive impact in providing financial support to SMEs and the health sector; support to SMEs and the health sector; suggests that the EGF should remain suggests that the EGF should remain operational beyond 2021; deems it of the operational beyond 2021 given the utmost importance to step up such prolonged impact of the Covid-19 crisis initiatives to ensure that funds are reaching and the repeated lockdowns in many the real economy; Member States; deems it of the utmost importance to step up such initiatives to ensure that funds are reaching the real economy;

Or. en

AM\1225811EN.docx 33/114 PE689.625v01-00 EN Amendment 74 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution Paragraph 8

Motion for a resolution Amendment

8. Welcomes, in addition, the 8. Welcomes, in addition, the subsequent creation of the EUR 25 billion subsequent creation of the EUR 25 billion European Guarantee Fund (EGF) in European Guarantee Fund (EGF) in response to the COVID-19 crisis, not least response to the COVID-19 crisis, not least its positive impact in providing financial its positive impact in providing financial support to SMEs and the health sector; support to SMEs and the health sector; suggests that the EGF should remain stresses that EGF was set up to be operational beyond 2021; deems it of the temporary in nature and will be able to utmost importance to step up such guarantee loans provided until 31 initiatives to ensure that funds are December 2021; reaching the real economy;

Or. en

Amendment 75 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 8 a (new)

Motion for a resolution Amendment

8 a. Urges the EIB to require companies supported by the European Guarantee Fund or other funding programmes put in place to tackle the COVID-19 crisis to comply with binding social and environmental conditions, including the adoption of decarbonisation plans, as to increase their resilience and capacity to withstand future crises, and to refrain to pay out dividends, bonuses and share buy backs for at least the next 2 years after benefiting from support;

Or. en

PE689.625v01-00 34/114 AM\1225811EN.docx EN Amendment 76 Pedro Silva Pereira, Jonás Fernández, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Joachim Schuster

Motion for a resolution Paragraph 8 a (new)

Motion for a resolution Amendment

8 a. Calls, in this context, on the EIB to consider proposing additional incentives for projects and credit lines already approved in order to get the projects off the ground as soon as possible and ensure the swift implementation of funds;

Or. en

Amendment 77 Markus Ferber

Motion for a resolution Paragraph 8 a (new)

Motion for a resolution Amendment

8 a. Deplores the slow roll-out of the EGF with the first funds only approved in late 2020 due to several Member States not delivering the necessary state aid applications in time;

Or. en

Amendment 78 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 9

Motion for a resolution Amendment

9. Welcomes the creation of a EUR 6 9. Welcomes the creation of a EUR 6

AM\1225811EN.docx 35/114 PE689.625v01-00 EN billion investment instrument to support billion investment instrument to support the financing of the healthcare sector, the financing of the healthcare sector, namely medical infrastructure, research, namely medical infrastructure, research, and the development of vaccines; and the development of vaccines; calls on the EIB to prioritise the reinforcement of public health systems and cautions against risks of privatisations and the use of Public Private Partnerships;

Or. en

Amendment 79 Pedro Silva Pereira, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 9 a (new)

Motion for a resolution Amendment

9 a. Notes that in the context of the Coronavirus response and as of 30 September 2020, the EIB has approved 84 operations within the EU for a total investment of €23,5 billion; notes as well that 88% of the approved operations were allocated to SMEs and mid-caps and the health sector;

Or. en

Amendment 80 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution Paragraph 10

Motion for a resolution Amendment

10. Welcomes the creation of a targeted 10. Notes the creation of a targeted financing initiative of up to EUR 5.2 financing initiative of up to EUR 5.2 billion in response to the COVID-19 billion in response to the COVID-19 pandemic in order to support countries pandemic in order to support countries outside the EU; outside the EU;

Or. en

PE689.625v01-00 36/114 AM\1225811EN.docx EN Amendment 81 Pedro Silva Pereira, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 10 a (new)

Motion for a resolution Amendment

10 a. Welcomes the EIB’s participation in COVAX, by investing €400 million in the COVAX Advanced Market Commitment;

Or. en

Amendment 82 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution Paragraph 11

Motion for a resolution Amendment

11. Underlines that in the light of the 11. Underlines that in the light of the successive waves of COVID-19 infections, successive waves of COVID-19 infections, these instruments will need to be further the efficiency of these instruments will strengthened and extended; asks the EIB need to be scrutinized and enforced; to stand ready to launch new supportive financial initiatives;

Or. en

Amendment 83 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 11

Motion for a resolution Amendment

AM\1225811EN.docx 37/114 PE689.625v01-00 EN strengthened and extended; asks the EIB to strengthened and extended; asks the EIB to stand ready to launch new supportive stand ready to upscale existing financial initiatives; instruments and launch new supportive financial initiatives;

Or. en

Amendment 84 Alfred Sant

Motion for a resolution Paragraph 11

Motion for a resolution Amendment

11. Underlines that in the light of the 11. Underlines that in the light of the successive waves of COVID-19 infections, successive and unpredictable waves of these instruments will need to be further COVID-19 infections, these instruments strengthened and extended; asks the EIB to will need to be further strengthened and stand ready to launch new supportive extended; asks the EIB to stand ready to financial initiatives; launch new supportive financial initiatives;

Or. en

Amendment 85 Markus Ferber

Motion for a resolution Paragraph 11

Motion for a resolution Amendment

11. Underlines that in the light of the 11. Underlines that in the light of the successive waves of COVID-19 infections, successive waves of COVID-19 infections, these instruments will need to be further these instruments will need to be further strengthened and extended; asks the EIB to strengthened and extended; asks the EIB to stand ready to launch new supportive stand ready to launch new supportive financial initiatives; financial initiatives if necessary;

Or. en

Amendment 86 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

PE689.625v01-00 38/114 AM\1225811EN.docx EN Motion for a resolution Subheading 3

Motion for a resolution Amendment

Becoming the EU Climate Bank deleted

Or. en

Amendment 87 Pedro Silva Pereira, Jonás Fernández, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Paul Tang, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 11 a (new)

Motion for a resolution Amendment

11 a. Welcomes the fact that in 2019 31% of EIB’s lending was climate- related;

Or. en

Amendment 88 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution Paragraph 12

Motion for a resolution Amendment

12. Welcomes the adoption by the EIB deleted Board of Directors of the EIB Climate Bank Roadmap for 2021-2025, which provides a crucial framework to support the implementation of the European Green Deal and marks a decisive step towards making the EIB the EU Climate Bank, promoting sustainable investments and protecting the environment during the critical decade ahead;

Or. en

AM\1225811EN.docx 39/114 PE689.625v01-00 EN Amendment 89 Billy Kelleher, Ivars Ijabs, Linea Søgaard-Lidell, Stéphanie Yon-Courtin, Gilles Boyer

Motion for a resolution Paragraph 12

Motion for a resolution Amendment

12. Welcomes the adoption by the EIB 12. Welcomes the adoption by the EIB Board of Directors of the EIB Climate Board of Directors of the EIB Climate Bank Roadmap for 2021-2025, which Bank Roadmap for 2021-2025, which provides a crucial framework to support provides a crucial framework to support the implementation of the European Green the implementation of the European Green Deal and marks a decisive step towards Deal and marks a decisive step towards making the EIB the EU Climate Bank, making the EIB the EU Climate Bank, promoting sustainable investments and promoting sustainable investments and protecting the environment during the protecting the environment during the critical decade ahead; critical decade ahead; suggests that the EIB develop, with input from relevant stakeholders, local authorities and NGOs, a series of action plans to guide the implementation of the Climate Roadmap;

Or. en

Amendment 90 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 12

Motion for a resolution Amendment

12. Welcomes the adoption by the EIB 12. Welcomes the adoption by the EIB Board of Directors of the EIB Climate Board of Directors of the EIB Climate Bank Roadmap for 2021-2025, which Bank Roadmap for 2021-2025 and the provides a crucial framework to support inclusion of the shadow carbon pricing the implementation of the European Green mechanism in particular, which provides Deal and marks a decisive step towards a crucial framework to support the making the EIB the EU Climate Bank, implementation of the European Green promoting sustainable investments and Deal and marks a decisive step towards protecting the environment during the making the EIB the EU Climate Bank, critical decade ahead; promoting sustainable investments and protecting the environment during the critical decade ahead;

Or. en

PE689.625v01-00 40/114 AM\1225811EN.docx EN Amendment 91 Alfred Sant

Motion for a resolution Paragraph 12

Motion for a resolution Amendment

12. Welcomes the adoption by the EIB 12. Welcomes the adoption by the EIB Board of Directors of the EIB Climate Board of Directors of the EIB Climate Bank Roadmap for 2021-2025, which Bank Roadmap for 2021-2025, which provides a crucial framework to support provides a crucial framework to support the implementation of the European Green the transition towards and eventual Deal and marks a decisive step towards implementation of the European Green making the EIB the EU Climate Bank, Deal and marks a decisive step towards promoting sustainable investments and making the EIB the EU Climate Bank, protecting the environment during the promoting sustainable investments and critical decade ahead; protecting the environment during the critical decade ahead;

Or. en

Amendment 92 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 12 a (new)

Motion for a resolution Amendment

12 a. Calls on the EIB to uphold its commitment to align all its operations with the objectives of the Paris Agreement and the EU’s objective of achieving climate neutrality by 2050 at the latest;

Or. en

Amendment 93 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution Paragraph 13

AM\1225811EN.docx 41/114 PE689.625v01-00 EN Motion for a resolution Amendment

13. Welcomes the proposal to increase 13. Questions the proposal to increase EIB financing for climate action and EIB financing for climate action and environmental sustainability, including environmental sustainability, including renewable energies, from around 30 % to renewable energies, from around 30 % to at least 50 % by 2025, which would unlock at least 50 % by 2025; underlines the investment of more than EUR 1 trillion importance of accountability and over the next decade; transparency for bodies that receive and provide EU funding;

Or. en

Amendment 94 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 13

Motion for a resolution Amendment

13. Welcomes the proposal to increase 13. Welcomes the decision to increase EIB financing for climate action and EIB financing for climate action and environmental sustainability, including environmental sustainability, including renewable energies, from around 30 % to renewable energies, from around 30 % to at least 50 % by 2025, which would unlock at least 50 % by 2025, which would unlock investment of more than EUR 1 trillion investment of more than EUR 1 trillion over the next decade; over the next decade;

Or. en

Amendment 95 Isabel Benjumea Benjumea

Motion for a resolution Paragraph 13

Motion for a resolution Amendment

13. Welcomes the proposal to increase 13. Acknowledges that the proposal to EIB financing for climate action and increase EIB financing for climate action environmental sustainability, including and environmental sustainability, including renewable energies, from around 30 % to renewable energies, from around 30 % to at least 50 % by 2025, which would unlock at least 50 % by 2025, would involve

PE689.625v01-00 42/114 AM\1225811EN.docx EN investment of more than EUR 1 trillion supporting the measures proposed and over the next decade; current objectives put forward by the European Commission and endorsed by the European Parliament; considers that it has to align itself with the priorities set out in the Recovery and Resilience Plan.

Or. es

Amendment 96 Pascal Canfin, Stéphanie Yon-Courtin, Gilles Boyer

Motion for a resolution Paragraph 13

Motion for a resolution Amendment

13. Welcomes the proposal to increase 13. Welcomes the EIB’s climate EIB financing for climate action and leadership in becoming the EU’s Climate environmental sustainability, including Bank with the adoption of an ambitious renewable energies, from around 30 % to Climate Bank Roadmap in November at least 50 % by 2025, which would unlock 2020; further welcomes the proposal to investment of more than EUR 1 trillion increase EIB financing for climate action over the next decade; and environmental sustainability, including renewable energies, from around 30 % to at least 50 % by 2025, which would unlock investment of more than EUR 1 trillion over the next decade;

Or. en

Amendment 97 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 13

Motion for a resolution Amendment

13. Welcomes the proposal to increase 13. Welcomes the proposal to increase EIB financing for climate action and EIB financing for climate action and environmental sustainability, including environmental sustainability, including renewable energies, from around 30 % to renewable energies, from around 30 % to at least 50 % by 2025, which would unlock at least 50 % by 2025; investment of more than EUR 1 trillion

AM\1225811EN.docx 43/114 PE689.625v01-00 EN over the next decade;

Or. en

Amendment 98 Pedro Marques

Motion for a resolution Paragraph 13 a (new)

Motion for a resolution Amendment

13 a. Highlights that developing alternative and sustainable fuels will require significant investments in order to overcome the current technological frontier; encourages the EIB to take into consideration these particular financing needs given their importance for the climate transition;

Or. en

Amendment 99 Markus Ferber

Motion for a resolution Paragraph 14

Motion for a resolution Amendment

14. Notes, however, that the roadmap deleted envisages the introduction of a transition period until the end of 2022, which would mean that the EIB will not be aligned with the objectives of the Paris Agreement until 2023 at the earliest;

Or. en

Amendment 100 Dimitrios Papadimoulis on behalf of the The Left Group

PE689.625v01-00 44/114 AM\1225811EN.docx EN Motion for a resolution Paragraph 14

Motion for a resolution Amendment

14. Notes, however, that the roadmap 14. Notes, however, that the roadmap envisages the introduction of a transition envisages the introduction of a transition period until the end of 2022, which would period until the end of 2022, which would mean that the EIB will not be aligned with mean that the EIB, including EIF the objectives of the Paris Agreement until operations, will not be aligned with the 2023 at the earliest; objectives of the Paris Agreement until 2023 at the earliest; calls on the EIB to strive for full compliance with the Paris Agreement in the ongoing appraisal procedures;

Or. en

Amendment 101 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 14

Motion for a resolution Amendment

14. Notes, however, that the roadmap 14. Notes, however, that the roadmap envisages the introduction of a transition envisages the introduction of a transition period until the end of 2022, which would period until the end of 2022, which would mean that the EIB will not be aligned with mean that the EIB will not be aligned with the objectives of the Paris Agreement until the objectives of the Paris Agreement until 2023 at the earliest; 2023 at the earliest; calls on the EIB to shorten the transition period allowing non-Paris aligned projects to be approved only until the end of 2021;

Or. en

Amendment 102 Alfred Sant

Motion for a resolution Paragraph 14

AM\1225811EN.docx 45/114 PE689.625v01-00 EN Motion for a resolution Amendment

14. Notes, however, that the roadmap 14. Notes that the roadmap envisages envisages the introduction of a transition the introduction of a transition period until period until the end of 2022, which would the end of 2022, which would mean that mean that the EIB will not be aligned with the EIB will not be aligned with the the objectives of the Paris Agreement until objectives of the Paris Agreement until 2023 at the earliest; 2023 at the earliest;

Or. en

Amendment 103 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution Paragraph 14

Motion for a resolution Amendment

Or. en

Amendment 104 Pascal Canfin, Stéphanie Yon-Courtin, Gilles Boyer

Motion for a resolution Paragraph 14 – point 1 (new)

Motion for a resolution Amendment

(1) Welcomes the new Climate Risk Assessment (CRA) system established to assess the physical climate risk in direct lending; and suggests that the EIB propose in its action plans harmonised screening methods, using where appropriate the Taxonomy regulation, for national, regional and local project developers to ensure that economic activities, ecosystems and infrastructure

PE689.625v01-00 46/114 AM\1225811EN.docx EN are resilient to current and projected future climatic conditions;

Or. en

Amendment 105 Pascal Canfin, Stéphanie Yon-Courtin, Gilles Boyer

Motion for a resolution Paragraph 14 – point 2 (new)

Motion for a resolution Amendment

(2) Welcomes the new EIB Energy lending policy and its commitment to end investments in fossil fuels by the end of 2021; therefore calls on the EIB to assess the compatibility of investments made in 2021 towards high-carbon projects with the updated 2030 climate targets;

Or. en

Amendment 106 Pedro Marques

Motion for a resolution Paragraph 14 a (new)

Motion for a resolution Amendment

14 a. Insists that the EIB implements the principle of energy efficiency and sets the objective of tackling energy poverty in all its energy lending, taking into account the impact of energy efficiency on future demand and its contribution to energy security; welcomes the Smart Finance for Smart Buildings initiative that facilitates investments in energy efficiency projects; calls for the reinforcement of housing investments promoting energy efficiency and tackling energy poverty, and for further investments in social and affordable housing;

AM\1225811EN.docx 47/114 PE689.625v01-00 EN Or. en

Amendment 107 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 14 a (new)

Motion for a resolution Amendment

14 a. Expresses concern that the EIB has signed six gas projects in 2019 and 2020 with a total financing of 890 million euro, including projects which are not on the list of Projects of Common Interest; points to the risk of a lock-in of assets incompatible with the EU’s objective of climate-neutrality by 2050 at the latest; calls on the EIB to refrain from approving any further gas projects in the transition period of the energy lending policy;

Or. en

Amendment 108 Pedro Silva Pereira, Jonás Fernández, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Paul Tang, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 14 a (new)

Motion for a resolution Amendment

14 a. Notes that the EIB will structure future work on the implementation of the Roadmap around ten new Action Plans, which will build on the first five years of implementation of the EIB’s 2015 Climate Strategy; Demands, in this context, to be regularly and fully informed on the implementation of the Roadmap;

Or. en

PE689.625v01-00 48/114 AM\1225811EN.docx EN Amendment 109 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 14 a (new)

Motion for a resolution Amendment

14 a. Call on the EIB to implement the principle of energy efficiency and set the objective of tackling energy poverty in all its energy lending;

Or. en

Amendment 110 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 14 b (new)

Motion for a resolution Amendment

14 b. Calls on the EIB to use the opportunity of the review of its Energy Lending Policy in 2022 to close existing loopholes for financing economic activities which are not aligned with the 2050 climate neutrality target and to align the policy with the EU Taxonomy for sustainable activities, without prejudice to the possibility of applying more stringent criteria to ensure high standards of environmental and social sustainability in all its lending operations;

Or. en

Amendment 111 Pedro Silva Pereira, Jonás Fernández, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Joachim Schuster, Margarida Marques

AM\1225811EN.docx 49/114 PE689.625v01-00 EN Motion for a resolution Paragraph 14 b (new)

Motion for a resolution Amendment

14 b. Calls on the EIB to continue to advance mechanisms to better incorporate the inputs from various stakeholders, such as local and regional authorities, trade unions, NGOs and relevant experts, in its investment strategy as the EU’s Climate Bank;

Or. en

Amendment 112 Pedro Silva Pereira, Jonás Fernández, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Paul Tang, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 14 c (new)

Motion for a resolution Amendment

14 c. Welcomes the EIB’s commitment to support the European Commission’s Sustainable Finance Action Plan, in particular by aligning with the EU Taxonomy for tracking climate action and environmental sustainability finance, and by adopting the “Do No Significant Harm” criteria as a base to evaluate projects;

Or. en

Amendment 113 Pedro Silva Pereira, Jonás Fernández, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Paul Tang, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 15

Motion for a resolution Amendment

15. Recalls that the review of the EIB’s 15. Recalls that the review of the EIB’s

PE689.625v01-00 50/114 AM\1225811EN.docx EN transport lending policy is a key priority; transport lending policy is a key priority; stresses the importance of aligning the stresses the importance of aligning the EIB’s transport portfolio with the Paris EIB’s transport portfolio with the Paris Agreement as soon as possible; Agreement as soon as possible; calls for the swift adoption of a new transport financing policy strategy aiming to decarbonise the EU transport sector by 2050 and promote accessible, efficient, green and safe means of transport; underlines, in this context, that the EIB should continue its engagement in financing innovation and green technology for aviation;

Or. en

Amendment 114 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 15

Motion for a resolution Amendment

15. Recalls that the review of the EIB’s 15. Recalls that the review of the EIB’s transport lending policy is a key priority; transport lending policy is a key priority; stresses the importance of aligning the stresses the importance of aligning the EIB’s transport portfolio with the Paris EIB’s transport portfolio with the Paris Agreement as soon as possible; Agreement as soon as possible; calls for the adoption of a new transport financing policy to decarbonise the EU transport sector by 2050 at the latest;

Or. en

Amendment 115 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 15

Motion for a resolution Amendment

15. Recalls that the review of the EIB’s 15. Recalls that the review of the EIB’s

AM\1225811EN.docx 51/114 PE689.625v01-00 EN transport lending policy is a key priority; transport lending policy is a key priority; stresses the importance of aligning the calls on the EIB to fully align its transport EIB’s transport portfolio with the Paris portfolio and transport lending policy with Agreement as soon as possible; the Paris Agreement as soon as possible;

Or. en

Amendment 116 Markus Ferber

Motion for a resolution Paragraph 15

Motion for a resolution Amendment

15. Recalls that the review of the EIB’s 15. Recalls that the review of the EIB’s transport lending policy is a key priority; transport lending policy is a key priority; stresses the importance of aligning the stresses the importance of broadly aligning EIB’s transport portfolio with the Paris the EIB’s transport portfolio with the Agreement as soon as possible; overall policy trajectory of the Union;

Or. en

Amendment 117 Pedro Marques

Motion for a resolution Paragraph 15 a (new)

Motion for a resolution Amendment

15 a. Recalls that biodiversity protection is fundamental for EU sustainability, with critical effects on European economic, health and food conditions; calls on the EIB to further develop biodiversity- proofing components in its financial instruments in order to avoid adverse effects on biodiversity; calls on the EIB to commit to ending the financing of projects which contribute to the loss and degradation of biodiversity and ecosystems;

Or. en

PE689.625v01-00 52/114 AM\1225811EN.docx EN Amendment 118 Alfred Sant

Motion for a resolution Paragraph 15 a (new)

Motion for a resolution Amendment

15 a. Requests that a tailor-made transport policy is adopted for EU regions that due to their geographical features do not fit the standard European requirements; points out that these regions most commonly need a public injection of funding in order to have a functioning climate friendly transport structure;

Or. en

Amendment 119 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 15 a (new)

Motion for a resolution Amendment

15 a. Calls on the EIB to increase support for modal shifts towards low- carbon transportation, such as cycling and public transport, in particular for underserved communities and localities;

Or. en

Amendment 120 Billy Kelleher, Ivars Ijabs, Linea Søgaard-Lidell, Stéphanie Yon-Courtin, Gilles Boyer

Motion for a resolution Paragraph 15 a (new)

Motion for a resolution Amendment

AM\1225811EN.docx 53/114 PE689.625v01-00 EN 15 a. Stresses that all future EIB funded projects should be fully aligned with the EU objective of achieving net zero emissions by 2050 at the latest;

Or. en

Amendment 121 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 15 b (new)

Motion for a resolution Amendment

15 b. Calls on the EIB to exclude in its transport lending policy financing which hinders the decarbonisation of the transport sector, in particular the expansion of airports and infrastructure for Liquefied Natural Gas;

Or. en

Amendment 122 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 15 c (new)

Motion for a resolution Amendment

15 c. Welcomes the EIB’s development of a Biodiversity Risk Assessment (BRA) system and calls on the EIB to devote sufficient resources to ensure thorough application of this assessment for all operations;

Or. en

Amendment 123

PE689.625v01-00 54/114 AM\1225811EN.docx EN Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 15 d (new)

Motion for a resolution Amendment

15 d. Expresses its concern about the shortcomings in the environmental impact assessment of EIB-financed hydropower plants; calls on the EIB to ensure that its biodiversity policy is strictly applied both to hydropower operations inside and outside the EU and fully in line with the EU’s biodiversity Strategy for 2030; calls on the EIB to ensure that when assessing environmental impact, cumulative impact with other projects are fully taken into account; calls on the EIB to ensure that financial intermediaries are also not allowed to finance projects in Natura 2000 sites or critical habitats and to ensure that hydropower projects financed by financial intermediaries are required to be referred as high-risk projects to the EIB;

Or. en

Amendment 124 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 16

Motion for a resolution Amendment

16. Highlights the crucial role of the 16. Highlights the crucial role of the EIB in meeting the goals of the Just EIB in meeting the goals of the Just Transition Mechanism and asks for more Transition Mechanism and asks for more commitment and concrete action in this commitment and concrete action in this respect, namely through structural respect, namely through structural programme loans, InvestEU and as a programme loans, InvestEU and as a financing partner for the public sector loan financing partner for the public sector loan facility; facility; calls on the EIB to only support sustainable projects that fully comply with

AM\1225811EN.docx 55/114 PE689.625v01-00 EN the do-no harm principle and provide real additionality; underlines in particular the importance to prioritise projects that support less developed regions and which generate a positive impact on reducing gender inequality, with a view of achieving a successful just and inclusive transition that leaves none behind; invites the EIB to use its role as financing partner for the public sector loan facility as an opportunity to strengthen its capacity to finance smaller projects and community-led initiatives and to build partnerships with municipalities and other public entities;

Or. en

Amendment 125 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution Paragraph 16

Motion for a resolution Amendment

16. Highlights the crucial role of the 16. Highlights the role of the EIB in EIB in meeting the goals of the Just meeting the goals of the Just Transition Transition Mechanism and asks for more Mechanism; commitment and concrete action in this respect, namely through structural programme loans, InvestEU and as a financing partner for the public sector loan facility;

Or. en

Amendment 126 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 16 a (new)

Motion for a resolution Amendment

PE689.625v01-00 56/114 AM\1225811EN.docx EN 16 a. Underlines that Member States and regions have different starting points when it comes to the transition to a carbon-neutral economy and that some of them will be much more exposed to economic and social risks; points out that the EIB, as part of the Just Transition Mechanism, should ensure the just transition while leaving no one behind; emphasises that special attention should be paid to the protection of the citizens and workers that will be most affected by the transition, inter alia, by providing access to re-skilling and up-skilling programmes and by promoting investments in new economic sectors that will create new and high-quality jobs;

Or. en

Amendment 127 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 16 a (new)

Motion for a resolution Amendment

16 a. Welcomes the commitment by the EIB in the Climate Bank Roadmap to focus support on sustainable rearing and dairy industries, and in particular to address animal welfare; suggests that the EIB should refrain from investments that facilitate incentives to industrial farming expanding livestock production and which lead directly or indirectly to deforestation and land degradation; calls on the EIB to explicitly exclude the funding of practices such as battery caging and high population densities, tail-docking and routine castration of pigs, and fur farming;

Or. en

AM\1225811EN.docx 57/114 PE689.625v01-00 EN Amendment 128 Pedro Silva Pereira, Jonás Fernández, Alfred Sant, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Paul Tang, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 16 a (new)

Motion for a resolution Amendment

16 a. Calls on the EIB to support projects aimed at facilitating a just transition in the Member States; underlines that the transition towards a carbon-neutral economy must be inclusive, fair and must leave no one behind; suggests the EIB to proactively work with Member States in view of supporting regions where jobs are highly dependent on high-emitting industries;

Or. en

Amendment 129 Pedro Silva Pereira, Jonás Fernández, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Paul Tang, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 16 b (new)

Motion for a resolution Amendment

16 b. Welcomes the fact that the EIB is the world’s largest issuer of green bonds which have raised € 34,6 billion of Climate Awareness Bonds and Sustainability Awareness Bonds over 12 years; calls on the EIB to continue and to expand the issuance of green bonds to enhance the liquidity of that market and to remain involved in the development of an EU green bond standard;

Or. en

Amendment 130 Dimitrios Papadimoulis

PE689.625v01-00 58/114 AM\1225811EN.docx EN on behalf of the The Left Group

Motion for a resolution Paragraph 16 b (new)

Motion for a resolution Amendment

16 b. Calls on the EIB to develop ambitious action plans to guide the implementation of its Climate Bank Roadmap and its contribution to the Just Transition Mechanism, while ensuring the involvement of all relevant stakeholders, including NGOs, trade unions and local authorities, in the development and implementation of such action plans;

Or. en

Amendment 131 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution Paragraph 16 a (new)

Motion for a resolution Amendment

16 a. Stresses that principle of value for money should represent the cornerstone of all EU funded investments; points out that EU funding should be accompanied by measurable objectives and outputs including a quantifiable and comparable evaluation mechanism that will allow to compare and rank the efficiency of individual EU programmes;

Or. en

Amendment 132 Billy Kelleher, Ivars Ijabs, Linea Søgaard-Lidell, Stéphanie Yon-Courtin, Olivier Chastel, Gilles Boyer, Ondřej Kovařík

Motion for a resolution Paragraph 17

AM\1225811EN.docx 59/114 PE689.625v01-00 EN Motion for a resolution Amendment

17. Considers that investment in 17. Considers that investment in innovation, infrastructure and skills are innovation, infrastructure and skills are crucial elements to recover from the crucial elements to recover from the economic and social crisis, ensure economic and social crisis, ensure sustainable growth and create high-quality sustainable growth and create high-quality jobs and long-term competitiveness; jobs and long-term competitiveness; highlights the importance of the EIB’s role in the success of the InvestEU Programme in the post-pandemic recovery;

Or. en

Amendment 133 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 17

Motion for a resolution Amendment

17. Considers that investment in 17. Considers that investment in innovation, infrastructure and skills are innovation, infrastructure and skills are crucial elements to recover from the crucial elements to recover from the economic and social crisis, ensure economic and social crisis, ensure sustainable growth and create high-quality sustainable growth and create high-quality jobs and long-term competitiveness; jobs and long-term competitiveness; highlights in this regard the need to upscale lending to female led SMEs to promote a more gender equal recovery;

Or. en

Amendment 134 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 17

Motion for a resolution Amendment

PE689.625v01-00 60/114 AM\1225811EN.docx EN 17. Considers that investment in 17. Considers that investment in innovation, infrastructure and skills are innovation, infrastructure and skills are crucial elements to recover from the crucial elements to recover from the economic and social crisis, ensure economic and social crisis, ensure sustainable growth and create high-quality sustainable and inclusive growth and jobs and long-term competitiveness; create high-quality jobs and long-term competitiveness;

Or. en

Amendment 135 Victor Negrescu

Motion for a resolution Paragraph 17

Motion for a resolution Amendment

17. Considers that investment in 17. Considers that investment in innovation, infrastructure and skills are innovation, infrastructure, education and crucial elements to recover from the skills are crucial elements to recover from economic and social crisis, ensure the economic and social crisis, ensure sustainable growth and create high-quality sustainable growth and create high-quality jobs and long-term competitiveness; jobs and long-term competitiveness;

Or. en

Amendment 136 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution Paragraph 17

Motion for a resolution Amendment

17. Considers that investment in 17. Considers that efficient investment innovation, infrastructure and skills are in innovation, infrastructure and skills are crucial elements to recover from the crucial elements to recover from the economic and social crisis, ensure economic and social crisis, ensure sustainable growth and create high-quality sustainable growth and create high-quality jobs and long-term competitiveness; jobs and long-term competitiveness;

Or. en

AM\1225811EN.docx 61/114 PE689.625v01-00 EN Amendment 137 Linea Søgaard-Lidell

Motion for a resolution Paragraph 17

Motion for a resolution Amendment

17. Considers that investment in 17. Considers that investment in innovation, infrastructure and skills are innovation, infrastructure and skills are crucial elements to recover from the crucial elements to recover from the economic and social crisis, ensure economic and social crisis, ensure sustainable growth and create high-quality sustainable growth and job creation and jobs and long-term competitiveness; long-term competitiveness;

Or. en

Amendment 138 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution Paragraph 17 a (new)

Motion for a resolution Amendment

17 a. Urges not to repeat mistakes of the past in response to the economic crisis and warns that boosting investment is not an alternative to productivity-enhancing reforms; emphasises that regulatory environment with predictable rules, a level playing field and reduced compliance costs attract private investments;

Or. en

Amendment 139 Billy Kelleher, Stéphanie Yon-Courtin, Olivier Chastel, Gilles Boyer, Ondřej Kovařík, Ivars Ijabs

Motion for a resolution Paragraph 17 a (new)

Motion for a resolution Amendment

PE689.625v01-00 62/114 AM\1225811EN.docx EN 17 a. Regrets the Council’s rejection of the Commission’s proposal for a Solvency Support Instrument and stresses the importance of supporting companies that, in the absence of the Covid-19 pandemic, would otherwise be thriving;

Or. en

Amendment 140 Pedro Silva Pereira, Jonás Fernández, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 17 a (new)

Motion for a resolution Amendment

17 a. Welcomes the fact that in 2019 the EIB supported innovation and skills with €14.4 billion; calls the EIB to enhance its support for innovation and skills;

Or. en

Amendment 141 Pedro Silva Pereira, Jonás Fernández, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 17 b (new)

Motion for a resolution Amendment

17 b. Recalls that SMEs are the back bone of Europe's economy, representing 99% of all businesses in the EU and employing at around 100 million people Welcomes the fact that in 2019 the EIB provided financing for SMEs and mid- caps with total investment amounting to €25.5 billion, supporting 386 000 companies;

Or. en

AM\1225811EN.docx 63/114 PE689.625v01-00 EN Amendment 142 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 18

Motion for a resolution Amendment

18. Reiterates that supporting SMEs 18. Underlines the pivotal role of and mid-caps must remain a fundamental SMEs as the backbone of Europe’s objective for the EIB, notably to assist economy, representing almost 99 % of all them with decarbonisation and access to businesses and providing around three ICT tools; welcomes efforts made to quarters of all jobs, while being key provide online assistance and counselling drivers of innovation; points out that to SMEs in accessing EIB lending; SMEs have been severely hit by the COVID-19 crisis and many of them are facing unprecedented challenges, especially liquidity challenges; reiterates that supporting SMEs and mid-caps must remain a fundamental objective for the EIB, notably to provide capital support and to assist them with decarbonisation and access to ICT tools; welcomes efforts made to provide online assistance and counselling to SMEs in accessing EIB lending and calls on the EIB to further enhance its support to SMEs;

Or. en

Amendment 143 Marco Zanni, Francesca Donato, Valentino Grant, Antonio Maria Rinaldi

Motion for a resolution Paragraph 18

Motion for a resolution Amendment

18. Reiterates that supporting SMEs 18. Reiterates that supporting SMEs and mid-caps must remain a fundamental and mid-caps must remain a fundamental objective for the EIB, notably to assist objective for the EIB, notably to assist them with decarbonisation and access to them with decarbonisation and access to ICT tools; welcomes efforts made to ICT tools; welcomes efforts made to provide online assistance and counselling provide online assistance and counselling to SMEs in accessing EIB lending; to SMEs in accessing EIB lending;

PE689.625v01-00 64/114 AM\1225811EN.docx EN reiterates, moreover, that the EIB should further strengthen its support for micro- enterprises, especially in this time of economic crisis, including through cooperation with National Support Banks and local banking networks;

Or. en

Amendment 144 Alfred Sant

Motion for a resolution Paragraph 18

Motion for a resolution Amendment

18. Reiterates that supporting SMEs 18. Reiterates that supporting SMEs and mid-caps must remain a fundamental and mid-caps must remain a fundamental objective for the EIB, notably to assist objective for the EIB, notably to assist them with decarbonisation and access to them with decarbonisation and access to ICT tools; welcomes efforts made to ICT tools; questions the EIB’s investment provide online assistance and counselling appeal towards small businesses and asks to SMEs in accessing EIB lending; whether it is being too restricted by its traditional limitations on funding projects with a significant risk component welcomes efforts made to provide online assistance and counselling to SMEs in accessing EIB lending;

Or. en

Amendment 145 Markus Ferber

Motion for a resolution Paragraph 18

Motion for a resolution Amendment

18. Reiterates that supporting SMEs 18. Reiterates that supporting SMEs and mid-caps must remain a fundamental and mid-caps must remain a key priority objective for the EIB, notably to assist for the EIB, notably to assist them with them with decarbonisation and access to decarbonisation and access to ICT tools; ICT tools; welcomes efforts made to stresses that SMEs often have limited provide online assistance and counselling administrative ressources available and

AM\1225811EN.docx 65/114 PE689.625v01-00 EN to SMEs in accessing EIB lending; thus benefit form easily accessible financing channels; welcomes efforts made to provide online assistance and counselling to SMEs in accessing EIB lending;

Or. en

Amendment 146 Pedro Silva Pereira, Jonás Fernández, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 18 a (new)

Motion for a resolution Amendment

18 a. Notes that the COVID-19 outbreak revealed the fragility of the EU’s supply chains and the insufficiency of IT networks; calls on the EIB to align its investment strategy to help ensure greater resilience of the internal market’s value chains and strengthen the European industrial sector, especially in strategic areas;

Or. en

Amendment 147 Victor Negrescu

Motion for a resolution Paragraph 18 a (new)

Motion for a resolution Amendment

18 a. Stresses that EU SMEs are lagging behind in embracing digital technologies with only 66% of manufacturing companies in the EU adopting at least one digital technology; Calls for a simplified description of key digital technologies that are supported by the EIB;

Or. en

PE689.625v01-00 66/114 AM\1225811EN.docx EN Amendment 148 Alfred Sant

Motion for a resolution Paragraph 18 a (new)

Motion for a resolution Amendment

18 a. Highlights the need for the EIB to have a strong focus on projects directed to young people, especially for start-ups and projects directed towards tackling the increasingly rising problem of youth unemployment and young people in precarious jobs;

Or. en

Amendment 149 Pedro Silva Pereira, Jonás Fernández, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 18 b (new)

Motion for a resolution Amendment

18 b. Calls on the EIB to mobilise sufficient support for infrastructure on delivering faster internet speed to all regions in the EU and bridge the existing digital divide;

Or. en

Amendment 150 Pascal Canfin, Stéphanie Yon-Courtin, Gilles Boyer

Motion for a resolution Paragraph 19 – point 1 (new)

Motion for a resolution Amendment

(1) Calls on the EIB to set green transition contracts for high emitting

AM\1225811EN.docx 67/114 PE689.625v01-00 EN sectors to ensure that they will align their business model with climate neutrality;

Or. en

Amendment 151 Isabel Benjumea Benjumea

Motion for a resolution Paragraph 19 a (new)

Motion for a resolution Amendment

19a. Calls on the EIB and national partners to take into consideration the current difficulties facing SMEs stemming from the economic crisis caused by COVID-19; considers that it would be worth promoting internalisation schemes, which have been so successful, again.

Or. es

Amendment 152 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 19 a (new)

Motion for a resolution Amendment

19 a. Calls on the EIB to include in its SMEs strategy, the reinforcement of its administrative and advising capacities to provide information and technical support to SMEs, especially regarding developing SMEs and SMEs applying for finance;

Or. en

Amendment 153 Pedro Silva Pereira, Jonás Fernández, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Joachim Schuster, Margarida Marques

PE689.625v01-00 68/114 AM\1225811EN.docx EN Motion for a resolution Paragraph 19 a (new)

Motion for a resolution Amendment

19 a. Calls on the EIB to continue its support towards advancing digital skills, in particular for employees in sectors of the economy in need adjustment and requalification;

Or. en

Amendment 154 Pedro Silva Pereira, Jonás Fernández, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 19 b (new)

Motion for a resolution Amendment

19 b. Calls on the EIB to enhance its support to innovative European companies through all stages of development, from seed to growth capital, financing the creation of a knowledge economy by combining investment in skills, research, infrastructure and energy efficiency with support for young tech companies;

Or. en

Amendment 155 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution Paragraph 20

Motion for a resolution Amendment

AM\1225811EN.docx 69/114 PE689.625v01-00 EN place-based industrial transformation, place-based industrial transformation, where universities, businesses, SMEs and where universities, businesses, SMEs and start-ups can develop long-lasting start-ups can develop long-lasting partnerships for the common good; partnerships for the common good; warns against the costs in a form of dead-weight loss, shifting of resources and moral hazard; calls the Commission to properly scrutinize the economic viability of the EIB programs;

Or. en

Amendment 156 Billy Kelleher, Ivars Ijabs, Linea Søgaard-Lidell, Stéphanie Yon-Courtin, Olivier Chastel, Gilles Boyer

Motion for a resolution Paragraph 20

Motion for a resolution Amendment

20. Calls on the EIB to play a role in 20. Calls on the EIB to play a role in assisting and financing the creation of assisting and financing the creation of innovation ecosystems and in promoting innovation ecosystems and knowledge place-based industrial transformation, economies, and in promoting place-based where universities, businesses, SMEs and industrial transformation, where start-ups can develop long-lasting universities, businesses, SMEs and start- partnerships for the common good; ups can develop long-lasting partnerships for the common good and that can make a meaningful contribution to achieving the objectives of the Green Deal and the digitalisation of the economy;

Or. en

Amendment 157 Victor Negrescu

Motion for a resolution Paragraph 20

Motion for a resolution Amendment

20. Calls on the EIB to play a role in 20. Calls on the EIB to play a role in assisting and financing the creation of assisting and financing, in all Member innovation ecosystems and in promoting States, the creation of innovation

PE689.625v01-00 70/114 AM\1225811EN.docx EN place-based industrial transformation, ecosystems and in promoting place-based where universities, businesses, SMEs and industrial transformation, where start-ups can develop long-lasting universities, businesses, SMEs and start- partnerships for the common good; ups can develop long-lasting partnerships for the common good;

Or. en

Amendment 158 Pedro Silva Pereira, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Joachim Schuster

Motion for a resolution Paragraph 20 a (new)

Motion for a resolution Amendment

20 a. Underlines that the EIB will continue to be the main investment partner for the implementation of the InvestEU programme;

Or. en

Amendment 159 Pedro Silva Pereira, Jonás Fernández, Alfred Sant, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Paul Tang, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 20 b (new)

Motion for a resolution Amendment

20 b. Welcomes the EIB’s commitment to invest in the social sector, thereby fostering well-being, access to education, health and housing, as well as the acquisition of skills required by a modern knowledge-based economy;

Or. en

Amendment 160 Markus Ferber

AM\1225811EN.docx 71/114 PE689.625v01-00 EN Motion for a resolution Paragraph 21

Motion for a resolution Amendment

21. Notes that during the ongoing deleted COVID-19 crisis, social welfare systems in the Member States have come under unprecedented strain; calls on the EIB to partner with the Commission and Member States to strengthen social welfare systems and increase investment in the social sector, including by establishing similar targets for social investment to those for digital and green investments;

Or. en

Amendment 161 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution Paragraph 21

Motion for a resolution Amendment

Or. en

Amendment 162 Linea Søgaard-Lidell

Motion for a resolution Paragraph 21

PE689.625v01-00 72/114 AM\1225811EN.docx EN Motion for a resolution Amendment

21. Notes that during the ongoing 21. Notes that during the ongoing COVID-19 crisis, social welfare systems in COVID-19 crisis, social welfare systems in the Member States have come under the Member States have come under unprecedented strain; calls on the EIB to unprecedented strain; calls on the EIB to partner with the Commission and Member partner with the Commission and Member States to strengthen social welfare systems States to strengthen social welfare systems and increase investment in the social and investment in the social sector; sector, including by establishing similar underlines, however, that digital and green targets for social investment to those for investments are areas of EU added value digital and green investments; and should remain as the primary objectives;

Or. en

Amendment 163 Billy Kelleher, Ivars Ijabs, Stéphanie Yon-Courtin, Olivier Chastel, Gilles Boyer

Motion for a resolution Paragraph 21 a (new)

Motion for a resolution Amendment

21 a. Acknowledging that the COVID- 19 crisis had a disproportionate impact on certain parts of society, urges the EIB to prioritise projects that seek to address inequalities, including gender inequalities and amongst marginalised communities;

Or. en

Amendment 164 Markus Ferber

Motion for a resolution Paragraph 22

Motion for a resolution Amendment

22. Calls on the EIB to play an active deleted role in helping Member States to deliver on the implementation of the European Pillar of Social Rights, while standing ready to align with the forthcoming

AM\1225811EN.docx 73/114 PE689.625v01-00 EN Commission action plan and the Social Summit in Porto; points to the importance of ex-ante and ex-post evaluations of the sustainability, economic, social and environmental impact of projects;

Or. en

Amendment 165 Pedro Silva Pereira, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Paul Tang, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 22

Motion for a resolution Amendment

22. Calls on the EIB to play an active 22. Calls on the EIB to play an active role in helping Member States to deliver on role in helping Member States to deliver on the implementation of the European Pillar the implementation of the European Pillar of Social Rights, while standing ready to of Social Rights, while standing ready to align with the forthcoming Commission align with the forthcoming Commission action plan and the Social Summit in Porto; action plan and the Social Summit in Porto; points to the importance of ex-ante and ex- reiterates the importance of ex-ante and post evaluations of the sustainability, ex-post evaluations of the sustainability, economic, social and environmental impact economic, social and environmental impact of projects; of projects backed directly or indirectly by the EIB;

Or. en

Amendment 166 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution Paragraph 22

Motion for a resolution Amendment

22. Calls on the EIB to play an active 22. Calls on the EIB to play an active role in helping Member States to deliver role in the Social Summit in Porto; points on the implementation of the European to the importance of ex-ante and ex-post Pillar of Social Rights, while standing evaluations of the sustainability, economic, ready to align with the forthcoming social and environmental impact of Commission action plan and the Social projects accompanied by measurable Summit in Porto; points to the importance result indicators;

PE689.625v01-00 74/114 AM\1225811EN.docx EN of ex-ante and ex-post evaluations of the sustainability, economic, social and environmental impact of projects;

Or. en

Amendment 167 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 22

Motion for a resolution Amendment

22. Calls on the EIB to play an active 22. Calls on the EIB to play an active role in helping Member States to deliver on role in helping Member States to deliver on the implementation of the European Pillar the implementation of the European Pillar of Social Rights, while standing ready to of Social Rights and the UN Sustainable align with the forthcoming Commission Development Goals, while standing ready action plan and the Social Summit in Porto; to align with the forthcoming Commission points to the importance of ex-ante and ex- action plan and the Social Summit in Porto; post evaluations of the sustainability, points to the importance of ex-ante and ex- economic, social and environmental impact post evaluations of the sustainability, of projects; economic, social and environmental impact of projects;

Or. en

Amendment 168 Linea Søgaard-Lidell

Motion for a resolution Paragraph 22

Motion for a resolution Amendment

22. Calls on the EIB to play an active 22. Calls on the EIB to play an active role in helping Member States to deliver on role in helping Member States to create the implementation of the European social balance through job creation and Pillar of Social Rights, while standing growth; highlights the importance of fully ready to align with the forthcoming respecting the principles of subsidiary, Commission action plan and the Social proportionality and Member State Summit in Porto; points to the importance competence in the area of social policies; of ex-ante and ex-post evaluations of the points to the importance of ex-ante and ex- sustainability, economic, social and post evaluations of the sustainability,

AM\1225811EN.docx 75/114 PE689.625v01-00 EN environmental impact of projects; economic, social and environmental impact of projects;

Or. en

Amendment 169 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution Paragraph 22 a (new)

Motion for a resolution Amendment

22 a. Highlights that public investments are limited as they represent scarce resources mostly funded by the taxpayers; calls on the EIB to prioritise the investments according to their efficiency in order to support economic growth;

Or. en

Amendment 170 Pedro Silva Pereira, Jonás Fernández, Alfred Sant, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Paul Tang, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 22 a (new)

Motion for a resolution Amendment

22 a. Calls on the EIB to refrain from participating in projects which may weaken citizens’ access to high quality public services;

Or. en

Amendment 171 Pedro Silva Pereira, Jonás Fernández, Pedro Marques, Eero Heinäluoma, Joachim Schuster, Margarida Marques, Csaba Molnár

Motion for a resolution Paragraph 22 b (new)

PE689.625v01-00 76/114 AM\1225811EN.docx EN Motion for a resolution Amendment

22 b. Notes that the COVID-19 pandemic has had a huge negative impact on children’s education and well-being across the globe, with millions of children still without access to education due to lockdown measures and therefore at risk of regression and suffering potential lifelong effects; welcomes the EIB’s investment in education, as investing in education helps to eradicate poverty, boost economic growth and improve gender equality; calls on the EIB to increase its investment in education to help mitigate the severe impact of the COVID-19crisis on education systems globally;

Or. en

Amendment 172 Pedro Silva Pereira, Pedro Marques, Eero Heinäluoma, Joachim Schuster, Margarida Marques

Motion for a resolution Subheading 6

Motion for a resolution Amendment

Becoming the EU Development Bank Supporting development and sustainability outside the EU

Or. en

Amendment 173 Pedro Silva Pereira, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 23

Motion for a resolution Amendment

23. Welcomes the fact that the EIB is 23. Welcomes the fact that the EIB is the largest multilateral lender in the world the largest multilateral lender in the world

AM\1225811EN.docx 77/114 PE689.625v01-00 EN that strives to support EU external that strives to support EU external cooperation and development policies; cooperation and development policies; notes that the EIB has been active outside the EU for over 50 years with €64.8bn loans granted in 106 different countries as of end-2019, of which EUR 7.9bn were signed in 2019;

Or. en

Amendment 174 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution Paragraph 23

Motion for a resolution Amendment

23. Welcomes the fact that the EIB is 23. Notes the fact that the EIB is the the largest multilateral lender in the world largest multilateral lender in the world that that strives to support EU external strives to support EU external cooperation cooperation and development policies; and development policies;

Or. en

Amendment 175 Pedro Silva Pereira, Jonás Fernández, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Paul Tang, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 23 a (new)

Motion for a resolution Amendment

23 a. Insists that the EIB should apply the same standards and criteria to assess and evaluate projects inside and outside the European Union, including those recently agreed in the CBR ; Considers, in this context, that the EIB should enhance its monitoring and reporting of projects outside the EU and improving its analysis of the economic, social and environmental impacts;

Or. en

PE689.625v01-00 78/114 AM\1225811EN.docx EN Amendment 176 Pedro Silva Pereira, Jonás Fernández, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 23 b (new)

Motion for a resolution Amendment

23 b. Welcomes the provisional agreement reached between the European Council and the European Parliament on the regulation setting up the Neighbourhood, Development and International Cooperation Instrument; notes in particular the role the EIB will play in the context of the European Fund for Sustainable Investment;

Or. en

Amendment 177 Pascal Canfin, Stéphanie Yon-Courtin, Gilles Boyer

Motion for a resolution Paragraph 24

Motion for a resolution Amendment

24. Calls for the EIB to prioritise 24. Highlights that climate change is investment in infrastructure that helps third the most significant challenge to countries to realise the UN Sustainable achieving sustainable development, as it Development Goals and that delivers on threatens to worsen living conditions and social and environmental justice, public poverty; therefore calls on the EIB to services and fair economic opportunities prioritise investment in infrastructure that for citizens; helps third countries to realise the UN Sustainable Development Goals and strengthen their resilience to climate change, while delivering on social and environmental justice, public services and fair economic opportunities for citizens;

Or. en

AM\1225811EN.docx 79/114 PE689.625v01-00 EN Amendment 178 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution Paragraph 24

Motion for a resolution Amendment

24. Calls for the EIB to prioritise 24. Calls for the EIB to realise only an investment in infrastructure that helps third efficient investment in infrastructure that countries to realise the UN Sustainable helps third countries to deliver public Development Goals and that delivers on services and fair economic opportunities social and environmental justice, public for citizens; services and fair economic opportunities for citizens;

Or. en

Amendment 179 Pascal Canfin, Stéphanie Yon-Courtin, Gilles Boyer

Motion for a resolution Paragraph 24 – point 1 (new)

Motion for a resolution Amendment

(1) Appreciates that the EIB will further reinforce its support to green investment outside the EU, based on an effective implementation of EU climate and energy diplomacy, which will help underlining the EU’s role as a global leader on climate and environmental sustainability;

Or. en

Amendment 180 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 24 a (new)

Motion for a resolution Amendment

PE689.625v01-00 80/114 AM\1225811EN.docx EN 24 a. Calls on the EIB to ensure additionality and the development impact of its operations outside the Union by increasing its engagement in LDCs, enhancing the transparency of operations carried out by financial intermediaries notably thanks to the disclosure of the name of the final beneficiary, the amount received, the type of project and related environmental information, cooperating with EU delegations, and increasing its presence on the ground with additional staff focusing on development issues;

Or. en

Amendment 181 Billy Kelleher, Ivars Ijabs, Linea Søgaard-Lidell, Stéphanie Yon-Courtin, Olivier Chastel, Gilles Boyer

Motion for a resolution Paragraph 24 a (new)

Motion for a resolution Amendment

24 a. Calls for the EIB to strengthen human rights due diligence for projects in third countries, for example by carrying out ex-ante human rights risk assessments and engaging with the local communities; moreover, the EIB should strive to continuously monitor the human rights situation on the ground;

Or. en

Amendment 182 Marco Zanni, Francesca Donato, Valentino Grant, Antonio Maria Rinaldi, Gunnar Beck

Motion for a resolution Paragraph 24 a (new)

Motion for a resolution Amendment

24 a. Regrets the fact that at the end-

AM\1225811EN.docx 81/114 PE689.625v01-00 EN 2019 the total disbursed exposure in Turkey, a country that does not respect several of the basic principles of freedom and democracy, amounted to EUR 12.3bn and a further EUR 0.8bn has been committed in signed operations not yet disbursed;

Or. en

Amendment 183 Pedro Silva Pereira, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 24 a (new)

Motion for a resolution Amendment

24 a. Stresses the need for full alignment of EIB investments in third countries with EU external action and sustainable development priorities;

Or. en

Amendment 184 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 24 a (new)

Motion for a resolution Amendment

24 a. Calls on the EIB to prioritise positive development impact, namely domestic resource mobilisation and inequalities reduction;

Or. en

Amendment 185 Bas Eickhout

PE689.625v01-00 82/114 AM\1225811EN.docx EN on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 24 b (new)

Motion for a resolution Amendment

24 b. As all EIB shareholders are part of the G20 commitment to suspend the debt of 77 countries following the debt crisis linked to the COVID-19 outbreak, calls on the EIB to apply a suspension to its pending loans, to carefully assess the debt impact of its future operations, and to express public support to the creation of a multilateral debt workout mechanism to address both the impact of the current crisis and the financing requirements of the Agenda 2030;

Or. en

Amendment 186 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 24 b (new)

Motion for a resolution Amendment

24 b. Calls on the EIB to put in place tailored indicators to measure the reduction of inequalities, tax revenues generation for host countries, and the impact on gender and marginalised groups;

Or. en

Amendment 187 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 24 c (new)

AM\1225811EN.docx 83/114 PE689.625v01-00 EN Motion for a resolution Amendment

24 c. Calls on the EIB to pay attention to third countries and regions outside the EU suffering from conflict and extreme poverty, with the aim of reducing the development gap between the EU and those regions; calls for a special focus on the Southern Mediterranean and Eastern European Neighbourhood countries; calls on the EIB to respect the legislation of the beneficiary countries and to increase the efficiency of the Results Measurement Framework (REM);

Or. en

Amendment 188 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 24 d (new)

Motion for a resolution Amendment

24 d. Urges the EIB to refrain from working with clients and financial intermediaries that do not have a development orientation, such as private equity funds;

Or. en

Amendment 189 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 25

Motion for a resolution Amendment

25. Recalls its request for an 25. Recalls its request for an interinstitutional agreement between the interinstitutional agreement between the

PE689.625v01-00 84/114 AM\1225811EN.docx EN EIB and Parliament in order to improve EIB and Parliament in order to improve access to EIB documents and data and access to EIB documents and data and enhance democratic accountability; enhance democratic accountability, including the ability to submit questions for written answer to the EIB as already provided for in the case of the ECB;

Or. en

Amendment 190 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution Paragraph 25

Motion for a resolution Amendment

25. Recalls its request for an 25. Notes its request for an interinstitutional agreement between the interinstitutional agreement between the EIB and Parliament in order to improve EIB and Parliament in order to improve access to EIB documents and data and access to EIB documents and data and enhance democratic accountability; enhance democratic accountability;

Or. en

Amendment 191 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution Paragraph 26

Motion for a resolution Amendment

26. Proposes the establishment of a deleted protocol for a Memorandum of Cooperation between the EIB and Parliament, applicable with immediate effect, in order to improve interinstitutional dialogue and enhance the EIB’s transparency and accountability;

Or. en

AM\1225811EN.docx 85/114 PE689.625v01-00 EN Amendment 192 Pedro Silva Pereira, Jonás Fernández, Alfred Sant, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 26

Motion for a resolution Amendment

26. Proposes the establishment of a 26. Proposes the establishment of a protocol for a Memorandum of protocol for a Memorandum of Cooperation between the EIB and Cooperation between the EIB and Parliament, applicable with immediate Parliament, applicable with immediate effect, in order to improve interinstitutional effect, in order to improve interinstitutional dialogue and enhance the EIB’s dialogue and enhance the EIB’s transparency and accountability; transparency and accountability, specifying the rights of Parliament and its Members as regards access to documents, data, questions put to the EIB, regular hearings and economic dialogues;

Or. en

Amendment 193 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 26 a (new)

Motion for a resolution Amendment

26 a. Calls on the EIB to increase its reporting to the Parliament and stakeholders regarding its decisions, progress achieved and the impact of its lending activities, through regular structured dialogues increasing parliamentary oversight, and to apply the same reporting and accountability provisions as set out in the EFSI regulation;

Or. en

Amendment 194

PE689.625v01-00 86/114 AM\1225811EN.docx EN Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 26 a (new)

Motion for a resolution Amendment

26 a. Reiterates its call to allow the European Court of Auditors full rights to audit EIB’s operations and access all relevant documents to perform its audit, including information on rejected loan applications and the underlying rationale for approval or rejection;

Or. en

Amendment 195 Pedro Marques

Motion for a resolution Paragraph 26 a (new)

Motion for a resolution Amendment

26 a. Calls on the EIB to step up its efforts in terms of communication; believes it is vital that it should engage with EU citizens in order to better explain the aims of its policies and illustrate its contribution to the daily lives of its citizens;

Or. en

Amendment 196 Alfred Sant

Motion for a resolution Paragraph 26 a (new)

Motion for a resolution Amendment

26 a. Requests full transparency from the EIB especially as regards

AM\1225811EN.docx 87/114 PE689.625v01-00 EN the disbursement of EU funding, including periodical reports to this house in line with the monthly reports on the state of play provided for the EFSI programme prior to June 2018;

Or. en

Amendment 197 Marco Zanni, Francesca Donato, Valentino Grant, Antonio Maria Rinaldi, Gunnar Beck

Motion for a resolution Paragraph 26 a (new)

Motion for a resolution Amendment

26 a. Notes with concern that general administrative expenses are ever increasing and asks the EIB to maintain cost discipline as well as to keep its management structure lean and efficient;

Or. en

Amendment 198 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 26 b (new)

Motion for a resolution Amendment

26 b. Calls on the EIB to further enhance transparency and access to information for the Parliament and other institutions, as well as for the public, especially regarding the contracting and subcontracting system, the results of internal investigations and the selection, monitoring and evaluation of activities and programmes;

Or. en

PE689.625v01-00 88/114 AM\1225811EN.docx EN Amendment 199 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 26 c (new)

Motion for a resolution Amendment

26 c. Urges the EIB to enforce the independence and efficiency of the Complaint Mechanism Office and the Fraud Investigation Division and to further enhance the cooperation with the European Ombudsman;

Or. en

Amendment 200 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 27

Motion for a resolution Amendment

27. Welcomes the EIB’s launch of a 27. Welcomes the EIB’s launch of a public consultation on the review of its public consultation on the review of its transparency policy in December 2020; transparency policy in December 2020; recalls its request for the EIB to step up its notes however that the current proposal transparency policy in line with the best falls short to meet the demands made by practices and standards employed by other the European Parliament and civil society financial institutions; asks the EIB to organisations to step up its transparency publish more regular, in-depth and policy in line with the best practices and comprehensive information on the standards employed by other financial financial intermediaries responsible for institutions and to ensure the timely leveraging EIB funds and to include publication of more ample information on contractual clauses concerning mandatory all its financing activities; calls on the disclosures from these institutions on EIB to increase proactive transparency by lending activity; making non-confidential documents publicly available in a user friendly database in a timely manner; reiterates its call to operate on the basis of the ‘presumption of disclosure’ rather than the ‘presumption of confidentiality’; calls

AM\1225811EN.docx 89/114 PE689.625v01-00 EN for the timely publication of the full agendas and minutes of meetings of the Management Committee and Board of Directors’; underlines that the future Transparency Policy should reinforce the transparency requirements for all its operations and require project promoters to make Environmental Impact Assessment (EIA) and related documents publicly available, by including stringent transparency obligations in the specific contractual clauses signed with all EIB clients; asks the EIB to publish more regular, in-depth and comprehensive information on the financial intermediaries responsible for leveraging EIB funds and to include contractual clauses concerning mandatory disclosures from these institutions on lending activity;

Or. en

Amendment 201 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 27

Motion for a resolution Amendment

27. Welcomes the EIB’s launch of a 27. Welcomes the EIB’s launch of a public consultation on the review of its public consultation on the review of its transparency policy in December 2020; transparency policy in December 2020; recalls its request for the EIB to step up its recalls its request for the EIB to step up its transparency policy in line with the best transparency policy in line with the best practices and standards employed by other practices and standards employed by other financial institutions; asks the EIB to financial institutions; asks the EIB to publish more regular, in-depth and publish more regular, in-depth and comprehensive information on the comprehensive information on the financial intermediaries responsible for financial intermediaries responsible for leveraging EIB funds and to include leveraging EIB funds and to include contractual clauses concerning mandatory contractual clauses concerning mandatory disclosures from these institutions on disclosures from these institutions on lending activity; lending activity; calls on the EIB to put an emphasis on the consultations with all interested stakeholders, in particular local communities, civil society and population

PE689.625v01-00 90/114 AM\1225811EN.docx EN affected by its projects;

Or. en

Amendment 202 Victor Negrescu

Motion for a resolution Paragraph 27

Motion for a resolution Amendment

27. Welcomes the EIB’s launch of a 27. Welcomes the EIB’s launch of a public consultation on the review of its public consultation on the review of its transparency policy in December 2020; transparency policy in December 2020; recalls its request for the EIB to step up its recalls its request for the EIB to step up its transparency policy in line with the best transparency policy in line with the best practices and standards employed by other practices and standards employed by other financial institutions; asks the EIB to financial institutions; asks the EIB to publish more regular, in-depth and publish more regular, in-depth and comprehensive information on the comprehensive information on the financial intermediaries responsible for financial intermediaries responsible for leveraging EIB funds and to include leveraging EIB funds and to include contractual clauses concerning mandatory contractual clauses concerning mandatory disclosures from these institutions on disclosures from these institutions on lending activity; lending activity; calls on the EIB to take into consideration the financial specifics of each Member States and provide the necessary flexibility in this regard;

Or. en

Amendment 203 Billy Kelleher, Ivars Ijabs, Linea Søgaard-Lidell, Stéphanie Yon-Courtin, Olivier Chastel, Gilles Boyer, Ondřej Kovařík

Motion for a resolution Paragraph 27 a (new)

Motion for a resolution Amendment

27 a. Welcomes the EIB’s internal review and revision of its Anti-Fraud Policy and its intentions to elevate the policy to the group level, thereby applying to both the EIB and the EIF; urges the

AM\1225811EN.docx 91/114 PE689.625v01-00 EN EIB to take an ambitious and broad approach to this review; stresses the importance of the EIB’s anti-fraud investigative office to have robust competences, sufficient resources and independence; calls on the EIB to enhance its cooperation with OLAF and the EPPO;

Or. en

Amendment 204 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 27 a (new)

Motion for a resolution Amendment

27 a. Reiterates its call for the disclosure of the opinions issued by the Commission within the framework of the procedure in accordance with Article 19 of the EIB Statute on the EIB financing operations for the purpose to assess their compliance with the relevant EU legislation and EU policies; calls on the Commission and EIB to reach an agreement to ensure full transparency on such opinions and their underlying rationale;

Or. en

Amendment 205 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 27 a (new)

Motion for a resolution Amendment

27 a. Calls on the EIB to adopt a more ambitions transparency policy, especially regarding its governing bodies, including

PE689.625v01-00 92/114 AM\1225811EN.docx EN the disclosure of minutes and agendas of the meetings of the EIB Management Committee and the timely publication of information;

Or. en

Amendment 206 Pedro Marques

Motion for a resolution Paragraph 27 a (new)

Motion for a resolution Amendment

27 a. Calls on the Commission to pay special attention to ensuring that EU fiscal rules support future efforts to increase the level of public investment in the EU and the impact of EIB initiatives in the EU economy;

Or. en

Amendment 207 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 27 b (new)

Motion for a resolution Amendment

27 b. Takes note of the ongoing revision of the EIB Anti-Fraud Policy; urges the EIB to address the existing weaknesses in its due diligence and internal control mechanisms and to strengthen its policy against fraud and corruption, in line with reiterated EP demands; calls for the suspension of funding where local authorities have notified possible violations of the relevant legislation, at least until investigations and judicial processes at national level are concluded; expects the inclusion of human rights due

AM\1225811EN.docx 93/114 PE689.625v01-00 EN diligence obligation for all projects in order to prevent any abuse, unfair expropriation or violence against local populations, and demands from the Bank to take immediate and firm action once it is informed of the involvement of a client or beneficial owner in a human rights and environment defenders reprisal, and withdraw funding when such involvement is proven; recalls that the Commission asked the EIB to share more information on the effective application of contractual clauses enabling the EIB to halt or withdraw funding1a and expects that the Parliament will have full access to this information; expects the EIB to conduct thorough monitoring that fully takes into account concerns expressed by concerned parties and stakeholders, in particular those pertaining to human rights violations; demands that the Bank take immediate and firm action once it is informed of the involvement of a client or beneficial owner in a human rights or environmental defenders reprisal; ______1a Executive summary of the evaluation of Decision No 466/2014/EU of the European Parliament and of the Council of 16 April 2014 granting an EU guarantee to the European Investment Bank against losses under financing operations supporting investment projects outside the Union {SWD(2019) 333 final} 13 September 2019

Or. en

Amendment 208 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 27 b (new)

Motion for a resolution Amendment

PE689.625v01-00 94/114 AM\1225811EN.docx EN 27 b. Calls on the EIB to commit to strengthen its policy against tax fraud, tax evasion and tax avoidance, including by refraining from funding beneficiaries or financial intermediaries and from cooperating with financial partners with a proven negative track record; calls on the EIB to enforce prevention measures and regular tax assessments against non- cooperative tax jurisdictions, tax and fiscal fraud and tax evasion, as well as illegal and aggressive tax avoidance;

Or. en

Amendment 209 Billy Kelleher, Ivars Ijabs, Linea Søgaard-Lidell, Stéphanie Yon-Courtin, Olivier Chastel, Gilles Boyer

Motion for a resolution Paragraph 27 b (new)

Motion for a resolution Amendment

27 b. Stresses that the EIB should make full use of contractual clauses enabling it to suspend disbursements in cases of projects’ non-compliance with environmental, social, human rights, tax and transparency standards;

Or. en

Amendment 210 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 27 c (new)

Motion for a resolution Amendment

27 c. Stresses some weaknesses in the EIB Group NCJ Policy, which allow the EIB to again fund projects that are related to tax havens; urges the EIB to

AM\1225811EN.docx 95/114 PE689.625v01-00 EN develop mechanisms to avoid fuelling tax dodging; calls on the EIB not to finance and to use its mandatory relocation clause for an operation that uses entities either subject to zero taxation or less than 50 % taxation rate compared to the country of implementation of the project, including hybrid entities; urges the EIB not to make any use of entities for which a hybrid mismatch is possible, especially if they can benefit from preferential tax regimes, including intellectual property transfers or license agreements in low-tax jurisdictions, or if the entities are not covered by Controlled Foreign Corporation (CFC) rules and/or withholding taxes;

Or. en

Amendment 211 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 27 c (new)

Motion for a resolution Amendment

27 c. Calls on the EIB to follow up on its calls to cease working with financial intermediaries with a negative track record as regards transparency, fraud, corruption, organised crime or money laundering or respect for human rights and to make disbursement of direct and indirect loans conditional on the disclosure of information on beneficial ownership by the beneficiaries and financial intermediaries involved in financing operations and on the publication of country-by-country tax and accountancy data; calls for the EIB to publish ‘Know Your Customer’ checks before approving any project.

Or. en

PE689.625v01-00 96/114 AM\1225811EN.docx EN Amendment 212 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 27 d (new)

Motion for a resolution Amendment

27 d. Expresses its concern that the eight EIB Vice-Presidents in addition to sectoral responsibilities, oversee project proposals from their home countries, alongside other country responsibilities; regrets the failure of the EIB to act on Parliament’s request to include in the Code of Conduct of the Management Committee a provision excluding the possibility of their Members overseeing lending or the implementation of projects in their home countries; expresses its concern that a former Member of the Management Committee joined, during the cooling-off period, the Management Board of Iberdrola, one of the largest EIB clients, raising serious concerns about a possible conflict of interests and calls the EIB to provide clarification on this case;

Or. en

Amendment 213 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 27 d (new)

Motion for a resolution Amendment

27 d. Calls on the EIB to review its framework for the EIB anti-corruption fight in order to improve cooperation with European authorities, especially the European Anti-Fraud Office (OLAF) and the European Public Prosecutor’s Office

AM\1225811EN.docx 97/114 PE689.625v01-00 EN (EPPO), and to mandatorily report potential fraud cases to national authorities;

Or. en

Amendment 214 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 27 e (new)

Motion for a resolution Amendment

27 e. Calls on the EIB to strengthen its Anti-Fraud Policy, including by reinforcing the due diligence on the clients’ track records, introducing provisions allowing for the suspension of disbursements and the termination of contracts in cases of violations of the Anti-Fraud Policy and by opening national or other official investigations, in order to stop financing projects that are under fraud and corruption investigations;

Or. en

Amendment 215 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 27 e (new)

Motion for a resolution Amendment

27 e. Calls on the EIB to ensure that the environmental and social assessments related to the due-diligence process are disclosed in a timeframe in line with international best practices and are made readily accessible to potential beneficiaries, affected groups and local

PE689.625v01-00 98/114 AM\1225811EN.docx EN civil society organisations;

Or. en

Amendment 216 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 27 f (new)

Motion for a resolution Amendment

27 f. Takes note of the judgment by the General Court in Case T-9/19 which annuls the EIB decision that declared inadmissible the request for review of the resolution of the EIB’s Board of Directors; calls on the EIB to take this judgement into account in the review of its transparency policy;

Or. en

Amendment 217 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 27 f (new)

Motion for a resolution Amendment

27 f. Calls on the EIB to prevent companies receiving support, especially under the EGF, from paying dividends to their shareholders,giving out bonuses to their CEOs and carrying out share buybacks;

Or. en

Amendment 218 Bas Eickhout

AM\1225811EN.docx 99/114 PE689.625v01-00 EN on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 27 g (new)

Motion for a resolution Amendment

27 g. Expects the EIB to comply with Article 191 of the Treaty on the Functioning of the European Union by applying the precautionary principle, and to put on hold disbursement, and, if necessary, to withdraw funding, if there is evidence or a serious risk of adverse impacts on climate, and/or environment, and/or local communities; expects the EIB to conduct Human Rights Impact Assessments at project level, as well as to continuously monitor the implementation of projects on the ground; calls in this regard the Bank to engage actively with local communities, and to inform them accordingly of their rights, with a special focus to implement a free, prior and informed consent, including their access to a Complaints Mechanism;

Or. en

Amendment 219 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca

Motion for a resolution Paragraph 28

Motion for a resolution Amendment

28. Welcomes the EIB’s Group deleted Strategy on Gender Equality and Gender Action Plan; regrets the fact that women are still not sufficiently represented in managerial and senior office positions; believes that more needs to be done in this regard during the implementation of the second phase of the Action Plan in 2021;

Or. en

PE689.625v01-00 100/114 AM\1225811EN.docx EN Amendment 220 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 28

Motion for a resolution Amendment

28. Welcomes the EIB’s Group 28. Welcomes the progress achieved Strategy on Gender Equality and Gender with the implementation of the EIB’s Action Plan; regrets the fact that women Group Strategy on Gender Equality and are still not sufficiently represented in Gender Action Plan and calls on the EIB managerial and senior office positions; to further develop its strategy and internal believes that more needs to be done in this capacity to mainstream gender equality in regard during the implementation of the its lending policy in view of the upcoming second phase of the Action Plan in 2021; Gender Action Plan II 2021-2024; urges the EIB to collect gender-disaggregated data and develop tools and methodologies to conduct gender analysis and gender impact assessment for EIB projects and operations both inside and outside the European Union, and to consult with independent experts to this end; regrets the fact that women are still not sufficiently represented in managerial and senior office positions; believes that more needs to be done in this regard during the implementation of the second phase of the Action Plan in 2021;

Or. en

Amendment 221 Pedro Silva Pereira, Jonás Fernández, Alfred Sant, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Paul Tang, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 28

Motion for a resolution Amendment

AM\1225811EN.docx 101/114 PE689.625v01-00 EN managerial and senior office positions; Inclusion; notes that women represent believes that more needs to be done in this 51.4% of the EIB workforce; regrets the regard during the implementation of the fact that women are still not sufficiently second phase of the Action Plan in 2021; represented in managerial and senior office positions; believes that more needs to be done in this regard during the implementation of the second phase of the Action Plan in 2021; calls, therefore, on the EIB to further encourage the participation of women and actively promote a balance gender representation in its senior positions;

Or. en

Amendment 222 Johan Van Overtveldt

Motion for a resolution Paragraph 28

Motion for a resolution Amendment

28. Welcomes the EIB’s Group 28. Welcomes the EIB’s Group Strategy on Gender Equality and Gender Strategy for more Gender Equality and Action Plan; regrets the fact that women Gender Action Plan; regrets the fact that are still not sufficiently represented in women are still not sufficiently represented managerial and senior office positions; in managerial and senior office positions; believes that more needs to be done in this believes that more needs to be done in this regard during the implementation of the regard during the implementation of the second phase of the Action Plan in 2021; second phase of the Action Plan in 2021; stresses, however, that the strategy seeking greater gender equality must not be pursued at the expense of the substantive quality of management;

Or. nl

Amendment 223 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 28

PE689.625v01-00 102/114 AM\1225811EN.docx EN Motion for a resolution Amendment

28. Welcomes the EIB’s Group 28. Welcomes the EIB’s Group Strategy on Gender Equality and Gender Strategy on Gender Equality and Gender Action Plan; regrets the fact that women Action Plan; regrets the fact that women are still not sufficiently represented in are still not sufficiently represented in managerial and senior office positions; managerial and senior office positions; believes that more needs to be done in this believes that more needs to be done in this regard during the implementation of the regard during the implementation of the second phase of the Action Plan in 2021; second phase of the Action Plan in 2021; calls on the EIB to further enhance the promotion of all forms of diversity and inclusion within its organisation and to set ambitious targets;

Or. en

Amendment 224 Markus Ferber

Motion for a resolution Paragraph 29

Motion for a resolution Amendment

29. Welcomes the fact that the EIB deleted will review its environmental and social standards and calls for a wide and inclusive public consultation on these issues; invites the EIB to take account of the do-no harm principle in its operations; calls on the EIB to take this opportunity to strengthen its human rights policy;

Or. en

Amendment 225 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 29

Motion for a resolution Amendment

AM\1225811EN.docx 103/114 PE689.625v01-00 EN 29. Welcomes the fact that the EIB will 29. Welcomes the fact that the EIB will review its environmental and social review its environmental and social standards and calls for a wide and standards; calls on EIB to introduce inclusive public consultation on these binding social and environmental criteria issues; invites the EIB to take account of as part of the guidelines on counterparty the do-no harm principle in its operations; alignment, including the requirement for calls on the EIB to take this opportunity to clients to have clear and binding strengthen its human rights policy; decarbonisation plans in line with the Paris Agreement; calls for a wide and inclusive public consultation on these issues; invites the EIB to incorporate the do-no harm principle in all its operations; calls on the EIB to take this opportunity to strengthen its human rights policy and to increase the human rights dimension in its project planning, including by providing a Human Rights Strategy, as well as HR Assessment and Evaluation of its programmes, also on the ground, to ensure that local communities are meaningfully consulted and that the right to free prior and informed consent (FPIC) is implemented in a systematic manner; calls on the EIB to develop specific policies on human rights defenders and protocols to respond to risks of reprisals;

Or. en

Amendment 226 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 29

Motion for a resolution Amendment

29. Welcomes the fact that the EIB will 29. Welcomes the fact that the EIB will review its environmental and social review its environmental and social standards and calls for a wide and inclusive standards and calls for a wide and inclusive public consultation on these issues; invites public consultation on these issues; expects the EIB to take account of the do-no harm invites the EIB to apply the do-no harm principle in its operations; calls on the EIB principle throughout all its operations; to take this opportunity to strengthen its calls on the EIB to take this opportunity to human rights policy; strengthen its human rights policy; expects all projects to include more comprehensive gender and human rights

PE689.625v01-00 104/114 AM\1225811EN.docx EN dimensions in due diligence obligations;

Or. en

Amendment 227 Eugen Jurzyca, Derk Jan Eppink, Roberts Zīle, Bogdan Rzońca, Johan Van Overtveldt

Motion for a resolution Paragraph 29

Motion for a resolution Amendment

Or. en

Amendment 228 Pascal Canfin, Stéphanie Yon-Courtin, Gilles Boyer

Motion for a resolution Paragraph 29

Motion for a resolution Amendment

29. Welcomes the fact that the EIB will 29. Welcomes the fact that the EIB will review its environmental and social review its environmental and social standards and calls for a wide and inclusive standards and calls for a wide and inclusive public consultation on these issues; invites public consultation on these issues; calls the EIB to take account of the do-no harm on the EIB to include the do-no significant principle in its operations; calls on the EIB harm principle as referred in the EU to take this opportunity to strengthen its Taxonomy Regulation in its operations; human rights policy; and to take this opportunity to strengthen its human rights policy;

Or. en

Amendment 229

AM\1225811EN.docx 105/114 PE689.625v01-00 EN Linea Søgaard-Lidell

Motion for a resolution Paragraph 29

Motion for a resolution Amendment

29. Welcomes the fact that the EIB will 29. Welcomes the fact that the EIB will review its environmental and social review its environmental and social standards and calls for a wide and inclusive standards and calls for a wide and inclusive public consultation on these issues; invites public consultation on these issues; invites the EIB to take account of the do-no harm the EIB to align the do-no harm principle principle in its operations; calls on the EIB in all its operations; calls on the EIB to to take this opportunity to strengthen its take this opportunity to strengthen its human rights policy; human rights policy;

Or. en

Amendment 230 Pedro Marques

Motion for a resolution Paragraph 29 a (new)

Motion for a resolution Amendment

29 a. Welcomes the alignment of EIB financing activities with the principles and goals of environmental sustainability, including the upcoming development of counterparty alignment guidelines; highlights the potential for the EIB to include further standards on other policy priorities, such as gender equality and labour rights, in the selection and monitoring of investment projects and financial intermediaries; stresses that EU funding cannot contribute to malpractices detrimental to basic social rights;

Or. en

Amendment 231 Paul Tang

Motion for a resolution

PE689.625v01-00 106/114 AM\1225811EN.docx EN Paragraph 29 a (new)

Motion for a resolution Amendment

29 a. Reiterates that sustainability is a broad concept and that investments are sustainable only if they do not significantly harm any other social or environmental sustainability objective; calls therefore on the EIB to include social considerations when evaluating adverse impacts of potential investments;

Or. en

Amendment 232 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 29 a (new)

Motion for a resolution Amendment

29 a. Calls on the European Court of Auditors (ECA) to produce a special report with recommendations on the performance of the EIB activities and their alignment with the EU policies and objectives;

Or. en

Amendment 233 Paul Tang, Pedro Silva Pereira

Motion for a resolution Paragraph 29 b (new)

Motion for a resolution Amendment

29 b. Highlights that investee companies of the EIB should follow good governance principles, including in tax matters; welcomes that the EIB does not enter into new or renewed operations with entities

AM\1225811EN.docx 107/114 PE689.625v01-00 EN incorporated or established in jurisdictions listed for tax and AML-CFT purposes and that it may decide to extend this approach to operations with contracting counterparties incorporated or established in jurisdictions which are generally cooperative but have not yet solved outstanding tax good governance deficiencies (jurisdictions listed on Annex II to the EU list of non-cooperative jurisdictions); highlights that extensive checks are required to ensure that counterparties do not benefit from other legal links to such jurisdictions;

Or. en

Amendment 234 Dimitrios Papadimoulis on behalf of the The Left Group

Motion for a resolution Paragraph 29 b (new)

Motion for a resolution Amendment

29 b. Calls for the ECA to be granted full auditing rights on all EIB operations, as part of the forthcoming tripartite agreement between the ECA, the EIB and the Commission;

Or. en

Amendment 235 Bas Eickhout on behalf of the Verts/ALE Group

Motion for a resolution Paragraph 30

Motion for a resolution Amendment

30. Welcomes the fact that the EIB is 30. Welcomes the fact that the EIB is currently working to develop counterparty currently working to develop counterparty alignment guidelines; alignment guidelines; calls on the EIB to

PE689.625v01-00 108/114 AM\1225811EN.docx EN develop an ambitious Action Plan for a “counterparts alignment framework” which should include requirements for all financial intermediaries and corporate clients to have in place a credible decarbonisation plan aligned with the Paris Agreement using science-based emission targets by the end of 2021;

Or. en

Amendment 236 Luis Garicano, Olivier Chastel, Ivars Ijabs, Paul Tang, Sven Giegold

Motion for a resolution Paragraph 30 a (new)

Motion for a resolution Amendment

30 a. Denounces the conflict of interest that has arisen as a consequence of the appointment of the former EIB Vice- president as a member of Iberdrola´s Board of Directors; notes that this post- public employment with barely any cooling-off period constitutes a risk not only to the reputation and independence of the EIB but to all EU institutions and the European project as a whole; highlights that unaddressed conflict of interest situations might not only compromise the enforcement of high ethical standards throughout European administration, but also jeopardise the right to good administration, threatening the level playing field required for the proper functioning of the single market; demands that the Ethics and Compliance Committee (ECC) explains its decision to allow such a move; recalls that the European Ombudsman found that the EBA´s decision not to forbid its Executive Director from becoming the CEO of a financial industry lobby was maladministration and that forbidding the job move would have been a necessary and proportionate measure;

AM\1225811EN.docx 109/114 PE689.625v01-00 EN Or. en

Amendment 237 Pedro Silva Pereira, Jonás Fernández, Alfred Sant, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Paul Tang, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 30 a (new)

Motion for a resolution Amendment

30 a. Calls on the EIB to take advantage of the ongoing review of its overall policy on alignments with counterparties and ensure greater transparency and stricter due diligence over its partners and their eligibility to disburse EIB-backed funds under strict conditionality, comprising ethical, integrity, social and environmental criteria;

Or. en

Amendment 238 Pedro Marques

Motion for a resolution Paragraph 30 a (new)

Motion for a resolution Amendment

30 a. Encourages the EIB Group to swiftly update its non-cooperative jurisdiction (NCJ) policy based on future developments to tax good governance in the EU or at the international level;

Or. en

Amendment 239 Pedro Silva Pereira, Jonás Fernández, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Paul Tang, Joachim Schuster, Margarida Marques

Motion for a resolution

PE689.625v01-00 110/114 AM\1225811EN.docx EN Paragraph 30 b (new)

Motion for a resolution Amendment

30 b. Reiterates, in this regard, its call on the EIB to only work with counterparties which have decarbonisation plans in place by the end of 2025, without prejudice to the ability of the EIB to offer technical assistance on devising such decarbonisation plans;

Or. en

Amendment 240 Pedro Silva Pereira, Jonás Fernández, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 30 c (new)

Motion for a resolution Amendment

30 c. Asks the EIB to provide more regular, in-depth and comprehensive information on the financial intermediaries responsible to redistribute loans in the context of lending operations and include contractual clauses concerning mandatory disclosures from these institutions;

Or. en

Amendment 241 Pedro Silva Pereira, Jonás Fernández, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Paul Tang, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 30 d (new)

Motion for a resolution Amendment

30 d. Reiterates previous concerns expressed by the Parliament about the lack of control over the funds managed by

AM\1225811EN.docx 111/114 PE689.625v01-00 EN financial intermediaries and the difficulty of monitoring final beneficiaries and the compliance with eligibility criteria, namely on sustainability standards and other public purposes;

Or. en

Amendment 242 Pedro Silva Pereira, Jonás Fernández, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Paul Tang, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 30 e (new)

Motion for a resolution Amendment

30 e. Calls on the EIB to reinforce contractual clauses enabling it to suspend disbursements in cases of projects' non- compliance with environmental, social, human rights, tax and transparency standards;

Or. en

Amendment 243 Pedro Silva Pereira, Jonás Fernández, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 30 f (new)

Motion for a resolution Amendment

30 f. Welcomes that the EIB Anti- Fraud Policy, which is the main framework on preventing and deterring Prohibited Conduct in EIB activities, is currently being revised;

Or. en

Amendment 244

PE689.625v01-00 112/114 AM\1225811EN.docx EN Pedro Silva Pereira, Alfred Sant, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Paul Tang, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 30 g (new)

Motion for a resolution Amendment

30 g. Calls furthermore for a stringent Exclusion Policy, to provide the Bank with the possibility to go beyond the application of contractual remedies, by excluding entities found engaged in fraud, corruption, money laundering or other forms of wrongdoing from EIB financing;

Or. en

Amendment 245 Pedro Silva Pereira, Jonás Fernández, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 30 h (new)

Motion for a resolution Amendment

30 h. Takes note of the December 2020 Anti-Money Laundering and Combating Financing of Terrorism Framework of the EIB; is concerned that the framework outlined is not detailed on specific procedures to align the Bank’s activities with EU law, namely on customer due diligence and in particular when enhanced due diligence takes place;

Or. en

Amendment 246 Pedro Silva Pereira, Jonás Fernández, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Paul Tang, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 30 i (new)

AM\1225811EN.docx 113/114 PE689.625v01-00 EN Motion for a resolution Amendment

30 i. Welcomes the adoption of the EIB Group non-cooperation jurisdiction (NCJ) policy in 2019 and subsequent revision of implementing internal procedures; recalls that the policy foresees a general prohibition to enter into operations with contracting counterparties incorporated or established in NCJs, except under strict conditions;

Or. en

Amendment 247 Pedro Silva Pereira, Pedro Marques, Eero Heinäluoma, Csaba Molnár, Joachim Schuster, Margarida Marques

Motion for a resolution Paragraph 30 j (new)

Motion for a resolution Amendment

30 j. Welcomes the European Court of Auditors’ work with respect to Union budget funds managed by the EIB and calls on the institutions to agree on enhancing ECA audit rights within the limits of the EU Treaties;

Or. en

PE689.625v01-00 114/114 AM\1225811EN.docx EN